Iran says preliminary deal reached on frozen funds abroad

Iran’s foreign minister said Wednesday that a preliminary deal had been reached with a foreign bank over frozen funds belonging to the Islamic republic. “An accord was concluded with a foreign bank to release a part of our financial claims,” Hossein Amir-Abdollahian said at a news conference. “This is a preliminary agreement on when and how to release the funds,” he added. Tens of billions of dollars in Iranian money were blocked in a number of countries, including China, South Korea and Japan, after the United States reimposed sanctions on the Islamic republic in 2018. A 2015 nuclear deal had…

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