ERBIL, Kurdistan Region - Iran is prioritizing efforts to release the country’s frozen assets through diplomatic measures with large sums remaining blocked, Foreign Minister Abbas Araghchi said on Tuesday.
“The issue of frozen assets is consistently on the agenda of the Ministry of Foreign Affairs and relevant institutions,” Araghchi said, as cited by Iran’s state IRNA news agency.
He emphasized the necessity to relieve the Islamic republic from external economic struggles, with the country crippled by heavy sanctions and internal challenges.
The US and European countries have continued to impose sanctions to hold Iran accountable for its actions and attacks targeting Western allies.
“A portion of the funds has been released as a result of the efforts made, while another part remains frozen,” Araghchi added.
To secure the release of its frozen funds, Iran stated that it requires "ongoing meetings, reviews, and new initiatives."
Iran has faced heavy sanctions for aiding Russia, contributing to Moscow's war against Ukraine by providing drones and the October missile attacks on Israel, a Western ally.
Iran in November condemned the European Union and the UK for committing a “systematic violation” through imposing sanctions, labeling them “unjustified” following fresh measures against Tehran by Western countries.
The latest sanctions imposed on Iran by the US’s Department of the Treasury for interference in the country’s latest presidential elections aimed to “stoke sociopolitical tensions.”
The US in 2018 under former president Donald Trump’s administration withdrew from the nuclear deal with Iran, known as the Joint Comprehensive Plan of Action (JCPOA), and imposed biting sanctions on Tehran.
The JCPOA was signed between Britain, France, China, Germany, Russia, Iran, and the US in 2015, offering Tehran sanctions relief in exchange for curbs on its nuclear program to ensure it does not enrich enough uranium to develop a nuclear weapon.
“The issue of frozen assets is consistently on the agenda of the Ministry of Foreign Affairs and relevant institutions,” Araghchi said, as cited by Iran’s state IRNA news agency.
He emphasized the necessity to relieve the Islamic republic from external economic struggles, with the country crippled by heavy sanctions and internal challenges.
The US and European countries have continued to impose sanctions to hold Iran accountable for its actions and attacks targeting Western allies.
“A portion of the funds has been released as a result of the efforts made, while another part remains frozen,” Araghchi added.
To secure the release of its frozen funds, Iran stated that it requires "ongoing meetings, reviews, and new initiatives."
Iran has faced heavy sanctions for aiding Russia, contributing to Moscow's war against Ukraine by providing drones and the October missile attacks on Israel, a Western ally.
Iran in November condemned the European Union and the UK for committing a “systematic violation” through imposing sanctions, labeling them “unjustified” following fresh measures against Tehran by Western countries.
The latest sanctions imposed on Iran by the US’s Department of the Treasury for interference in the country’s latest presidential elections aimed to “stoke sociopolitical tensions.”
The US in 2018 under former president Donald Trump’s administration withdrew from the nuclear deal with Iran, known as the Joint Comprehensive Plan of Action (JCPOA), and imposed biting sanctions on Tehran.
The JCPOA was signed between Britain, France, China, Germany, Russia, Iran, and the US in 2015, offering Tehran sanctions relief in exchange for curbs on its nuclear program to ensure it does not enrich enough uranium to develop a nuclear weapon.
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