Baku, Azerbaijan, Nov. 26
By Umid Niayesh - Trend:
Central Bank of Iran announced that has received the 5th and 6th parts of its $2.8 billion worth of blocked assets, which were agreed upon following the extended nuclear deal with P5+1 group (the US, UK, France, Russia, China plus Germany, Iran's Mehr news agency reported Nov. 26.
The 5th part worth $500 million, which was frozen in South Korea was transferred to Iranian Central Bank's account in Oman, meanwhile an amount of $400 million, blocked in India was transferred to the bank's account in the UAE as 6th part of the payments.
Some $4.2 billion of Iran's blocked assets were already released during a six-month period, due to an interim nuclear agreement between Iran and P5+1.
The Islamic Republic and P5+1 are negotiating to find a way to reach a comprehensive accord to put an end to the decade-old nuclear dispute.
Nov. 24 was settled as a deadline to reach a comprehensive nuclear agreement between Iran and the P5+1 group, however the two sides agreed to continue talking till July 1, 2015 after failing to meet the deadline.
An additional $4.2 billion worth of Iranian frozen assets will be released during the next six months according to the new extension agreement.
There is no concrete figure for the amount of Iran's frozen assets abroad. Head of the parliament Research Center Kazem Jalali said in August 2013 that some $60 billion worth of Iranian assets were blocked by foreign banks. In turn, the US administration said that Iran's frozen assets are estimated to be $100 billion.
Last November, Iran and the P5+1 (the US, Russia, China, Britain, France plus Germany) clinched an interim nuclear accord, which took effect on Jan. 20 and expired six months later.
Under the deal dubbed the Geneva Joint Plan of Action, the six world powers undertook to provide Iran with some sanctions relief in exchange for Tehran agreeing to limit certain aspects of its nuclear activities.