01 May 2014
Government Spokesman Mohammad Baqer Nobakht announced that the full sum of $4.2 billion, which was due to be released by the West under the November Geneva deal between Tehran and the world powers, has been unfrozen and is ready to be paid to Iran.
"All the installments of the Geneva agreement have been released by this date," he told reporters in Tehran on Wednesday.
Nobakht noted that the government of President Hassan Rouhani plans to use the $4.2 billion for a different purpose, but he declined to elaborate.
In relevant remarks earlier this month, Iranian Deputy Foreign Minister for Legal and International Affairs Seyyed Abbas Araqchi said Iran has received the fifth installment of its $4.2-billion frozen assets.
The deputy minister said another $450-million installment from Iran's blocked oil revenues has been released and deposited into the account of the Central Bank of Iran in accordance with the November 2013 agreement reached in Geneva.
Araqchi added that this is the fifth tranche of the eight installments of Iran's blocked revenues that the P5+1 was committed to release.
Iran and P5+1 (the five permanent UN Security Council members plus Germany) clinched a long-sought deal in November in the Swiss city of Geneva. The two sides have agreed to a stage-by-stage reciprocal implementation of the interim agreement since January 20.
The accord requires the West to ease some of the sanctions in exchange for Tehran's confidence-building measure not to develop the national nuclear program for six months.
Government Spokesman Mohammad Baqer Nobakht announced that the full sum of $4.2 billion, which was due to be released by the West under the November Geneva deal between Tehran and the world powers, has been unfrozen and is ready to be paid to Iran.
"All the installments of the Geneva agreement have been released by this date," he told reporters in Tehran on Wednesday.
Nobakht noted that the government of President Hassan Rouhani plans to use the $4.2 billion for a different purpose, but he declined to elaborate.
In relevant remarks earlier this month, Iranian Deputy Foreign Minister for Legal and International Affairs Seyyed Abbas Araqchi said Iran has received the fifth installment of its $4.2-billion frozen assets.
The deputy minister said another $450-million installment from Iran's blocked oil revenues has been released and deposited into the account of the Central Bank of Iran in accordance with the November 2013 agreement reached in Geneva.
Araqchi added that this is the fifth tranche of the eight installments of Iran's blocked revenues that the P5+1 was committed to release.
Iran and P5+1 (the five permanent UN Security Council members plus Germany) clinched a long-sought deal in November in the Swiss city of Geneva. The two sides have agreed to a stage-by-stage reciprocal implementation of the interim agreement since January 20.
The accord requires the West to ease some of the sanctions in exchange for Tehran's confidence-building measure not to develop the national nuclear program for six months.
© Iran Daily 2014
