
U.S. to Release $12 Billion in Frozen Iranian Assets Under Deal, Iranian Media Reports
The United States will release $12 billion in frozen assets to Iran before the start of negotiations under the newly announced U.S.-Iran agreement, a 14-point memorandum of understanding circulated by Iranian state media indicates.
The document calls for the release of $24 billion in frozen Iranian assets over the course of a 60-day negotiation period that begins once the memorandum of understanding is concluded. A signing ceremony is scheduled for Friday, June 19, in Switzerland.
Under the terms of the text, which has not been officially confirmed, half of that sum is to be made available to Iran before the negotiations begin.
(TOI/VFI News)
“Wealth is worthless in the day of wrath, but righteousness delivers from death.” – Proverbs 11:4