Iran Gets 2 Tranche of Frozen Assets under Extended Nuclear Deal
TEHRAN (Tasnim) – Iran’s Central Bank said the country has received the first two installments of its blocked assets, which are being returned to Tehran under a four-month extension of nuclear negotiations with world powers.
The Central Bank announced on Thursday that the two tranches, amounting to $1 billion combined, have been released and were transferred from its account in Japan to another account in Oman.
The payments are the first of the $2.8 billion frozen oil revenues that Iran will receive during four months.
Tehran and the sextet of world powers (Russia, China, the US, Britain, France and Germany) on July 18 agreed to a four-month extension of negotiations on a long-term nuclear deal, which was expected to be struck by a July 20 deadline.
Iran is expected to receive the sum of $2.8 billion in four more installments, set to be paid on September 17, October 10, November 3, and November 23.
Moreover, Iran has been also allowed to import humanitarian commodities, including essential goods, agricultural inputs, medicine and medical equipment.
Iran and the world powers will resume their negotiations later this month in the hope of clinching a final deal to resolve the decade-long standoff on Tehran’s nuclear energy program.
Back on July 18, after more than two weeks of intensive diplomatic negotiations in the Austrian capital of Vienna, the two sides agreed to continue talks on Tehran’s nuclear program for another four months.