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Iran’s frozen foreign assets to be released: FM

WorldIran's frozen foreign assets to be released: FM

Tehran (Times Of Ocean)- Iranian Foreign Ministry spokesman Saeed Khatibzadeh announced on Monday that the Iranian assets frozen abroad will be released “soon” as reported by Iranian media.

Saeed Khatibzadeh confirmed reports that $7 billion in Iranian assets have been frozen in foreign banks due to U.S. sanctions.

During an interview with the Islamic Republic News Agency, Khatibzadeh said that a framework had been put in place for the unlocking of Iranian assets.

Al Jazeera news channel cited an anonymous Iranian official as saying that the assets would soon be released and deposited at a bank in Oman, where they would be transferred to Iran in due course.

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A number of countries have frozen billions of dollars in Iranian assets as a result of US sanctions” Reports

IRNA reported last week that agreements had been reached with a few countries regarding the unfreezing of frozen Iranian assets abroad.

Due to US sanctions, huge amounts of assets belonging to the Islamic Republic of Iran are frozen outside the country. Iran has repeatedly objected to the freezing of its assets and described the bans as oppressive and part of an economic war.

On Tuesday, a regional official identified as “possibly Oman’s foreign minister” will travel to Tehran to finalize a mechanism to release frozen Iranian assets worth seven billion dollars, IRGC-run Tasnim News Agency reported earlier.

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