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Al Jazeera
Al Jazeera
Business
Maziar Motamedi

Nuclear talks: Iran’s Raisi launches major economic reform

Iran's chief nuclear negotiator Ali Bagheri Kani meets European envoy Enrique Mora in Tehran on Wednesday [West Asia News Agency via Reuters]

Tehran, Iran – Iran’s President Ebrahim Raisi has set about major reforms in the country’s subsidies system amid continued efforts to give new momentum to stalled talks aimed at restoring the country’s 2015 nuclear deal with world powers.

The president announced, during a televised late-night interview on Monday, that he is gradually transforming a subsidies system introduced by his predecessor to stabilise prices in the face of sanctions, but that mostly ended up breeding corruption.

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