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Tehran unveils plan for frozen assets

Tehran unveils plan for frozen assets

The Governor of the Central Bank of Iran stated that Tehran has established a mechanism for utilizing the frozen funds, noting that an agreement was signed with the United States in 2023 regarding the purchase of goods and medicines. He indicated that a portion of these assets will be gradually released as negotiations progress, with an initial release of $12 billion allocated in the first phase. There is also potential to purchase suitable products from the American market if the prices and quality are appropriate. Additionally, he confirmed that oil exports and petroleum products are exempt from sanctions for 60 days, and Iran will monitor the progress of sanctions lifting and plan its oil sales accordingly.

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