Iran confirms US release of its frozen assets
Tehran, Iran, January 18
By Mehdi Sepahvand -- Trend:
Iran has confirmed that the total release of its blocked assets in the US has amounted to $1.7 billion, starting back from 1979.
Hossein Jaber Ansari, the spokesman of Iran's Foreign Ministry, said that the US has freed $400 million worth of Iran's frozen assets.
Speaking at the press conference, Ansari said that adding the delay compensation to the mentioned sum makes up a total of $1.7 billion, Trend's correspondent in Tehran reported from the event.
Previously, US Secretary of State John Kerry said that the US would pay Iran $400 million and also $1.3 billion in interest, dating back to the Islamic Revolution.
The release of funds to Iran comes following the removal of sanctions on the Islamic Republic. Iran and the P5+1 group implemented a Joint Comprehensive Plan of Action (JCPOA) on Jan.16, which eliminated sanctions on the country, including the restrictions over banking sector, releasing blocked assets abroad, etc.
Hossein Jaber Ansari also said that by accepting the nuclear deal, the US recognized that the pressure policy doesn't work and is doomed to fail.
"The repayment, which settles a suit brought under an international legal tribunal, is separate from the tens of billions of US dollars in frozen foreign accounts that Iran can now access after the end of nuclear sanctions," he said.