News ID: 56210
Published: 1152 GMT November 26, 2014

Iran receives frozen assets installments

Iran receives frozen assets installments

Iran has received the thirteenth and fourteenth installments of its assets, which had been frozen oversees due to the sanctions imposed on the country.

The Central Bank of Iran (CBI) received the installments as part of the second phase of the unblocking of the country’s frozen assets, agreed on between the Islamic Republic and world powers under an interim nuclear accord last year, Press TV reported.

An amount of $500 million, which had been frozen in South Korea, and $400 million, blocked in India, were transferred to the bank for the second phase’s fifth and sixth installments respectively.

The installments were respectively paid to the CBI’s accounts in Oman and the United Arab Emirates.

The latest payments brought the total paid amount of the second phase to $2.8 billion.

The first phase enabled the release of $4.2 billion of the country’s assets.

Last November, Iran and the P5+1 group -- France, Britain, the US, Russia and China, plus Germany -- clinched an interim nuclear deal that took effect on January 20 and expired six months later. However, they agreed to extend their talks until November 24 as they remained divided on a number of key issues.

Missing the deadline to arrive at a comprehensive accord, the two sides decided to extend their discussions for seven more months in the search for the final deal that would end a 12-year dispute on Iran’s peaceful nuclear work.


Resource: Press TV
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