Iran receives fifth installment of frozen assets

Iran has received the fifth tranche of its USD 4.2-billion in frozen assets as agreed upon in the interim nuclear deal between Tehran and six world powers, an Iranian vice president says.

Iran’s Vice President for Planning and Strategic Supervision Mohammad Baqer Nobakht said on Monday that the USD 4.2 billion dollars were returned to Iran in five tranches.

He said the administrative process for returning Iran’s frozen assets and fulfilling the interim nuclear deal’s obligations was lengthy, but Iran has finally received the funds in full and can use them in development projects.

Iran and the five permanent members of the UN Security Council – the United States, China, Russia, France and Britain – plus Germany reached an interim nuclear deal in the Swiss city of Geneva on November 24, 2013. The deal took effect on January 20.

Under the deal, Iran agreed to limit certain aspects of its nuclear activities as a confidence-building measure, and the world powers undertook to provide Iran with some sanctions relief.

By Press TV


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