Tehran to get next tranche of frozen assets
By Sara Rajabova
Iran will soon receive another portion of the sixth tranche of its frozen oil revenues under Tehran's interim nuclear deal with six world powers.
Gholam-Ali Ja'afarzadeh Imenabadi, who sits on the planning, budget and auditing committee of Iranian parliament, announced the news quoting Governor of the Central Bank of Iran (CBI) Valiollah Seif as saying at a meeting on June 10, Press TV reported.
Imenabadi said the CBI has confirmed it has, so far, received five tranches of the $4.2 billion in frozen oil earnings agreed to be released under the Geneva deal.
The CBI said earlier the fourth and fifth installments of the $4.2-billion blocked funds have been transferred to its designated account.
The Public Relations Department of the CBI said the fourth and fifth portions of payment for Iran crude oil exports totaling one billion dollars have already been deposited into the bank's account in the Central Bank of the United Arab Emirates.
Iran and the six world powers - the United States, France, Britain, Russia, China and Germany - sealed the interim deal in Geneva on November 24, 2013, to pave the way for the full resolution of the decade-old dispute with Iran over the country's nuclear energy program. The deal came into force on January 20.
Under the deal, dubbed the Geneva Joint Plan of Action, the six countries undertook to provide Iran with some sanctions relief in exchange for Iran agreeing to limit certain aspects of its nuclear activities during a six-month period. It was also agreed that no nuclear-related sanctions will be imposed on Iran within the same timeframe.
Tehran and P5+1 group set to hold meetings in Vienna from June 16 until 20 to decide about a final deal.