Business news from Ukraine

UKRAINE TO INITIATE COOPERATION WITH IRAN IN LIGHT OF EXPECTED LIFTING OF U.S. SANCTIONS – ABROMAVICIUS

20 August , 2015  

KYIV. Aug 20 (Interfax-Ukraine) – Ukraine is to initiate cooperation with Iran, including in production, due to the expected decision of the U.S. to lift sanctions from the country, Ukraine’s Economic Development and Trade Minister Aivaras Abromavicius has said.

“On September 14-16, I’m likely to go [to Iran] with the Agricultural Minister and a large group of entrepreneurs and industrialists to establish cooperation with the country. After the U.S. sanctions are lifted, huge opportunities [will] open up there. Last week we discussed the cooperation directions with the ambassador. Mainly it concerns companies on metro engineering and other types of engineering,” he said at a meeting of the Cabinet of Ministers on Wednesday.