Iran’s Frozen Assets to Be Released once JCPOA Takes Effect: Diplomat
TEHRAN (Tasnim) – A senior Iranian foreign ministry official said the comprehensive nuclear deal finalized between Tehran and six world powers in July will have the sanctions on the country’s sale of oil immediately lifted and frozen assets unblocked in January.
Iran’s assets that have been blocked in foreign banks will be released in early or mid-January, Deputy Foreign Minister Abbas Araqchi said on Monday, referring to the implementation of the Joint Comprehensive Plan of Action (JCPOA), a lasting nuclear deal that Iran and the Group 5+1 (Russia, China, the US, Britain, France and Germany) reached in Vienna on July 14.
Once the JCPOA comes into force, sanctions that have been restricting Iran’s banking transactions will be terminated, he added.
The nuclear deal will also enable Iran to sell its crude and have free access to its petrodollars, Araqchi explained.
Earlier this month, President Hassan Rouhani has announced that the anti-Iran sanctions will be terminated in the Iranian month of Dey, which begins on December 22.
