DistantNews
Support us
Iran announces return of $6 billion in frozen assets
๐Ÿ‡น๐Ÿ‡ท Turkey /Economy & Trade

Iran announces return of $6 billion in frozen assets

From Cumhuriyet · () Turkish

Translated from Turkish, summarized and contextualized by DistantNews.

At a glance

News Official statement New plan
  • Iran's President Pezeshkian announced that $6 billion of the country's frozen assets in Qatar will be returned.
  • He stated that efforts are underway to repatriate the remaining $6 billion.
  • Pezeshkian also highlighted a memorandum of understanding with the U.S. as a gain for the Iranian people, leading to the lifting of sanctions on Iranian oil.

Iranian President Pezeshkian has announced a significant development regarding the nation's frozen assets held abroad. During a meeting in Qom, Pezeshkian stated that according to an established program, $6 billion of the $12 billion in frozen assets located in Qatar will be returned to Iran. This repatriation marks a partial but important step in regaining access to funds that have been inaccessible due to international sanctions.

According to the program established, $6 billion of the $12 billion in frozen assets located in Qatar will be returned to the country.

โ€” PezeshkianAnnouncing the repatriation of frozen assets from Qatar.

Pezeshkian further elaborated that active measures are being taken to ensure the return of the remaining $6 billion. This indicates a continued diplomatic and financial effort to unblock the full amount of frozen funds. The President's remarks suggest a strategic approach to managing these assets and leveraging them for the benefit of the Iranian economy.

Necessary work is being done for the remaining $6 billion to return to the country.

โ€” PezeshkianIndicating ongoing efforts to recover the full amount of frozen assets.

In addition to the frozen assets, Pezeshkian underscored the importance of a memorandum of understanding signed with the United States. He described this agreement as a gain for the Iranian people, specifically noting that it has led to the lifting of sanctions previously imposed on Iranian oil exports. This development is expected to have a positive impact on Iran's oil revenue and its overall economic standing in the global market.

The memorandum of understanding signed with the United States is a gain for the Iranian people.

โ€” PezeshkianHighlighting the benefits of the agreement with the U.S.
DistantNews Editorial

Originally published by Cumhuriyet in Turkish. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.