Trump denies creation of investment fund as part of agreement on Iran

Media reports about the creation of a private investment fund worth $300 billion as part of agreements to resolve the US conflict with Iran do not correspond to reality.

This was stated by US President Donald Trump.

“This is not true. <...>. We are not investing, and we do not have a fund,” the president told reporters on the sidelines of the Group of Seven summit in France. The broadcast was conducted by the White House.

Earlier, Reuters reported on the creation of the investment fund. According to its information, the framework agreement between the US and Iran provides for the creation of a private investment fund worth $300 billion, with more than half of this amount already secured by investor commitments. It was noted that this financial mechanism does not involve the use of state funding or grants; funds will be provided by the private sector. Investors include companies from the US, Persian Gulf countries, Asia, South America, and Africa.

Source: TASS