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Easing of sanctions brings latest release of frozen Iranian assets

Source: Radio Zamaneh

Deputy Foreign Minister Abbas Araghchi, a senior member of Iran's nuclear negotiation team, has announced that a fourth installment of frozen Iranian assets ($550 million) has been forwarded to Iran's Central Bank.

cartoon by Hadi Heidari

ISNA reports that Araghchi said the latest installment from a total of $4.2 billion in frozen Iranian assets was transferred to Iran's Central Bank account.

He maintained that so far, the installments are being paid out as agreed upon in the Geneva agreement and forwarded to the Central Bank account.

The first installment was forwarded from Japan through the Swiss National Bank in the amount of $550 million.

The second was another transfer from Japan at $450 million. The third and fourth payments of $550 million each were made on March 7 and April 10.

With the payment of another $550 million this week, 2.65 billion dollars in Iranian assets will have been released.

... Payvand News - 04/15/14 ... --

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