US and Iran agree to unfreeze $12 billion in Iranian assets

Intensive negotiations in Switzerland between the US and Iran have culminated in a landmark agreement to unfreeze $12 billion of Iran's assets. The deal, finalized after 18 hours of talks, also includes lifting restrictions on Iranian oil and petrochemical exports and partially unfreezing Tehran's assets to kickstart economic recovery.

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Over the past five years, thanks to our continuous efforts, we have achieved significant transformations within the country. The same active work was carried out in foreign policy, resulting in the diplomatic successes you recently witnessed.

This breakthrough was announced by Iran's Parliament Speaker and delegation head, Mohammad Bagher Ghalibaf. Despite an earlier walkout by the Iranian delegation due to US threats, both sides agreed on a roadmap for a final accord within 60 days. Iran's Foreign Minister Abbas Araghchi confirmed significant progress, particularly in de-escalating the conflict in Lebanon, facilitated by mediation from Pakistan and Qatar.

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The Kyrgyz Republic has achieved impressive diplomatic victories in its history of independence and has become a participant in a historic event that has sparked the interest of the international community.

Key provisions of the agreement include the cessation of hostilities and the unblocking of the Strait of Hormuz. A "communication line" has also been established between the US and Iran to prevent misunderstandings and incidents in the vital waterway. This development marks a significant step towards stabilizing regional security and economic conditions.

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As you know, on June 3, at the elections held at UN Headquarters in New York, Kyrgyzstan was elected for the first time as a non-permanent member of the UN Security Council for 2027-2028.