Zarif: Iran to Use Methods to Release Frozen Assets

reporter 1222 — Tue, 11 Aug 2020 05:02:54 +0000

TEHRAN (Iran News) – Foreign Minister of Iran Mohammad Javad Zarif has said that Iran will adopt different methods to release its frozen assets in other countries.

Iran is negotiating with other countries and will file a lawsuit if necessary, Zarif said in a recent interview referring to the measures taken by the Foreign Ministry to unblock Tehran’s assets in other countries, Mehr News Agency reported on Monday.

He added there are other ways to return the frozen money such as bartering or purchasing goods from other countries.

Zarif further noted that the Iranian Foreign Ministry has successfully unblocked some of the frozen assets from a number of countries so far.

According to Iran’s Foreign Ministry, before the Trump administration last year reimposed penalties on Iran’s crude sales, South Korea is about seven billion dollars in arrears for oil imports from Iran.

Ira has previously warned South Korea that Tehran will file a complaint concerning its frozen assets against South Korean banks in the international courts of justice.

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Rouhani: Iran resolved to unblock its frozen assets

reporter 1222 — Tue, 16 Jun 2020 10:06:48 +0000

TEHRAN (Iran News) – President Hassan Rouhani said on Tuesday that the Iranian government is determined to unblock the country’s frozen assets held abroad.

He made the remarks in the economic committee of the administration.

“Foreign policy officials and those from the Central Bank of Iran (CBI) are doing their best to unblock Iran’s frozen assets through diplomacy,” Rouhani said.

The Iranian President described that the measure is taken to protect the domestic forex market from probable fluctuations.

Rouhani’s today remarks came while on June 12, he called on Governor of the CBI Abdolnaser Hemmati to push South Korea to release billions of dollars of Iran’s oil-export revenues.

Hemmati had earlier called on South Korean banks to release Iran’s oil money frozen under US pressure, warning that the Islamic Republic reserves the right to take legal action under international law.

Iran could launch legal action to gain access to the funds, he said, without naming the lenders in question.

Iran’s Foreign Ministry says South Korea is about $7 billion in arrears for oil exported before the Trump administration last year reimposed penalties on Iran’s crude sales.

Hemmati announced back in early April that 1.6 billion dollars of Iran’s assets held abroad were released.

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Zarif: Iran to Use Methods to Release Frozen Assets

Rouhani: Iran resolved to unblock its frozen assets