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U.S. releasing $450 million of Iranian frozen funds

Currency

Newscast Media WASHINGTON—The United States says it is taking steps to release a
$450 million installment of frozen Iranian funds in response to Tehran meeting its
commitment under the interim deal reached with world powers in November.

State Department Spokesperson Marie Harf said April 17 the move comes after a
report by the International Atomic Energy Agency (IAEA) that says Iran is living up to
its part of the interim nuclear deal.

“Based on this confirmation and consistent with commitments that the United States
made under the Joint Plan of Action, the Department of Treasury took the necessary
steps pursuant to the JPOA to facilitate the release of a $450 million installment of
Iran’s frozen funds,” Harf told reporters.

Under the agreement, Iran halted some of its nuclear activities in exchange for a
limited easing of some international sanctions.

Source: Radio Free Europe

http://newscastmedia.com/iran-funds.htm

         

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