Iran says half of frozen assets should be released immediately

“Iran says half of frozen assets should be released immediately Iran’s Deputy foreign minister Kazem Gharibabadi said Tehran is seeking the immediate release of at least half of its frozen assets as part of any memorandum of understanding with the United States. Speaking to Mehr News Agency, Gharibabadi said: “At minimum, the Islamic Republic of Iran insists that 50 percent of these funds be made available to Iran immediately upon the signing of the memorandum of understanding.” He added that Iran expects the remaining funds to be released within a limited period of one to two months after any agreement is signed. Iran has billions of dollars in assets frozen abroad due to sanctions, with analysts saying the total value likely amounts to a substantial sum.

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