Negotiator: CBI transfer of frozen oil revenues ready

TEHRAN (FNA)- The procedures to transfer a portion of the frozen oil assets to the Central Bank of Iran have completed and the transfer will be made in a short while, senior Iranian nuclear negotiator Seyed Abbas Araqchi said.

In an interview with the Islamic republic news agency on Saturday, Araqchi stated that Tehran has undergone the process needed to receive the first and second installments of Iran’s $4.2bln oil revenues previously blocked by western governments.

He also reiterated western governments’ endorsement and admission of Iran’s right to enrich uranium for peaceful purposes.

The Islamic Republic of Iran and the Sextet of world powers clinched a long-sought deal in November in the Swiss city of Geneva. The two sides have agreed to stage-by-stage implementation of the interim agreement reciprocating one another since January 20.

The accord requires the West to ease some of the existing sanctions in exchange for Tehran’s confidence-building measure not to develop the national nuclear program for a six-month period.

The frozen Iranian assets will be released in eight states, as agreed, and Tehran will dilute its 20% enriched uranium within the next 12 months.

By Fars News Agency


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