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Iran pursuing release of own frozen assets: Araghchi
The top Iranian diplomat noted that some parts of the frozen assets have been released due to ongoing efforts while another portion remains blocked in several countries, IRNA reported.
Araghchi emphasized that administering the country’s foreign economic relations under economic pressure requires special measures.
Tens of billions of dollars owed to Iran for oil and other exports have been frozen in bank accounts across the world since 2018, when US President Donald Trump abandoned an international nuclear deal with Iran and reinstated US sanctions. Almost $2 billion of Iranian assets are frozen in the United States.
In August last year, some assets were released from South Korea and were transferred to accounts held by six Iranian banks in Qatar.
Iranian Foreign Ministry continues to work on securing the release of other frozen funds through legal channels.