Iran receives $500 million in frozen assets


First installment of $4.2 billion deposited in Swiss bank account as part of Geneva agreement, breathing new life into economy

Times of Israel

Iran has received the first instalment of $4.2 billion in frozen assets as part of a nuclear deal with world powers, Deputy Foreign Minister Abbas Araqchi told ISNA news agency Saturday.

Unblocking the funds under the landmark deal in which Iran agreed to roll back parts of its nuclear programme and halt further advances is expected to breathe new life into its crippled economy.

“The first tranche of $500 million was deposited in a Swiss bank account, and everything was done in accordance with the agreement,” Araqchi said.

Iran clinched the interim deal in November with the P5+1 group — Britain, China, France, Russia, the United States and Germany — and began implementing the agreement on January 20.

Under the agreement, which is to last six months, Iran committed to limit its uranium enrichment to five percent, halting production of 20 percent-enriched uranium.

In return, the European Union and the United States have eased crippling economic sanctions on Iran.

A senior US administration official told AFP last month that the first $550-million instalment of $4.2 billion in frozen assets would be released from February.

“The instalment schedule starts on February 1 and the payments are evenly distributed” across 180 days, the US official said.

Iran and the P5+1 will also hold a new round of talks in Vienna on February 18 in a bid to discuss a comprehensive solution to Tehran’s contested nuclear programme.

Major world powers and Israel fear that Iran is trying to develop an atomic bomb, but Tehran insists its nuclear programme is peaceful.

Also on Saturday, the official IRNA news agency quoted the head of the civil aviation authority, Alireza Jahanguirian, as saying that Iran will soon receive spare parts for its ailing civilian fleet.

Jahanguirian said the parts would arrive within two weeks as part of the sanctions relief agreed in Geneva in November.

But the November deal foresees an easing on sanctions imposed on several sectors, including Iran’s car industry and petrochemical exports, as well as allowing civil aviation access to long-denied spares.

  1. #1 by Isaac on 02/02/2014 - 9:34

    And when the super powers are going to freeze the assets of the parasitic entity of Israel for having more than 400 nuclear warheads and not complying with the UN Security Council Resolutions on the Palestinian Issue?.

  2. #2 by on 02/02/2014 - 9:34

    How very generous of the jew-bankers and kabbalistic internationalists to give Iran ITS MONEY, which was “frozen” from them for all of these years, as an extortion to try to put in their version of “Saddam Hussein”.


  3. #3 by WheresOurBlessing on 02/03/2014 - 9:34

    I say we transfer all the foreign aid we give IsraHell to Iran for at least 10 years as an act of good faith towards a partial reparation.

    Oh… and tax the stinking jews in order to pay for it.

  4. #4 by Isaac on 02/03/2014 - 9:34

    Yes, tax the stinking Jews for not paying taxes in the US. All these Jewish organizations which are more than 80 are registered as “Religious Charitable Organizations” and are tax exempt. Our government needs to open their eyes now.

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