FM: $15 bln blocked funds to be transferred in 6 months

Photo: FM: $15 bln blocked funds to be transferred in 6 months / Iran

Baku, Azerbaijan, Jan. 28

By Dalga Khatinoglu - Trend:

Iranian top nuclear negotiator Abbas Araqchi told IRNA on Jan.28 that despite Washington's interpretation of the nuclear accord, some $15 billion of Iran's inaccessible assets in foreign banks will be transferred back into the country during the next six months.

Iran and P5+1 reached a nuclear accord on November 24, 2013, which was implemented on Jan. 20.

According to a White House announcement, Iran will be able to transfer only $4.2 billion of its $100 billion blocked assets in foreign banks back into the country.

Araqchi who serves as the deputy foreign minister for legal and international affairs said that some $15 billion of Iranian assets will return to the Treasury, while $4.2 billion will be transferred into the Central Bank of Iran directly. He didn't specify whether $4.2 billion is a part of mentioned $15 billion assets or not.

Araqchi said that based on the nuclear accord, some $400 million of Iran's blocked assets abroad will be released to be used for delivering aid to Iranian students and patients abroad.

He also said one no longer needs to request a license for a trade less than one million euros between Iran and EU members.

Iranian top diplomat went on to say that Iran's yearly industrial goods import is about $18 billion and after the release of blocked assets, Iran can import half of these using the funds.

Araqchi also said that Iran never agreed to halt the 3.5 percent degree uranium enrichment process and only the 20 percent enrichment process has stopped.

According to Iran's deputy of foreign minister's statement, P5+1 recognized Iran's right to enrich uranium in 3.5 percent pure level.

Edited by C.N.

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