$3.5b of Iran’s Blocked Assets Unfrozen: Official

Iran declared on Friday that more than 3.5 billion dollars of frozen assets released. 

The announcement was made by Ali Naderi, the Managing Director of Islamic Republic News Agency (IRNA).

“Less than 100 days after the inauguration of President Ebrahim Raisi’s administration, the Islamic Republic has got access to over 3.5 billion dollars of its assets, which were frozen in another country,” Naderi wrote on his Twitter account.

According to the managing director, a notable part of these assets are being transferred into Iran’s trade sector – however, based on some Iranian news outlets report, at least $7 billion of Iranian money is frozen in India.

Due to ongoing sanctions, billions of Iranian assets have been frozen in other countries, and the Iranian officials are making all-out efforts to unlock the money.

Iranian authorities are engaging in negotiations with countries such as South Korea, Japan, Iraq and Oman to get its frozen money released.  

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