US, Iran Differ over Tehran’s Frozen Assets

A panel displays currency rates in a market in Tehran, November 29, 2021. (Reuters)
A panel displays currency rates in a market in Tehran, November 29, 2021. (Reuters)
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US, Iran Differ over Tehran’s Frozen Assets

A panel displays currency rates in a market in Tehran, November 29, 2021. (Reuters)
A panel displays currency rates in a market in Tehran, November 29, 2021. (Reuters)

Tehran accused the US administration of waging a “psychological war,” a day after Washington denied releasing $3.5 billion of Iran’s frozen funds abroad.

“The United States has not released any money to Iran. Any such report to the contrary is incorrect,” State Department spokesman Ned Price affirmed.

“We also understand that our partners have not transferred frozen funds to Iran, not even South Korea,” he stressed.

“And of course, the US has not authorized or approved any such frozen transfers to Iran. All of our current sanctions remain in effect. They will remain in effect until and unless we’re able to reach a diplomatic agreement,” in Vienna.

Price’s remarks, which coincide with a new round of talks in the Austrian capital, are part of a “psychological war” against Iran, state TV quoted an informed source as saying.

These remarks “will not affect what has actually happened,” the source added.

One of the countries will soon release the frozen assets under the sanctions imposed by Donald Trump’s administration on Iranian oil sales, deputy Foreign Minister for Economic Diplomacy Mehdi Safari said on Thursday.

He added that $3.5 billion of Iranian assets have been released, noting that the government had requested other countries to release larger numbers

“Fruitful negotiations were held in this regard,” Safari confirmed, while declining to reveal the amount discussed.

In mid-November, the Central Bank said one billion dollars from the released funds would be allotted for the import of “essential goods.”

Meanwhile, the Iranian rial currency dipped last week but remained above historic lows after news that talks with world powers to revive the 2015 Iran nuclear accord may have run into difficulties.

The US dollar was selling for as much as 302,200 rials on the unofficial market on Saturday, up from 294,000 on Friday.

In October 2020, the rial hit a record low of about 320,000 to a dollar as a drop in oil prices deepened the economic crisis in the country already reeling under US sanctions and the highest COVID-19 death toll in the Middle East.



G7 Statement will Not Mention ICC Warrant for Netanyahu

Protesters wave an Israeli flag and hold placards as they stand behind a banner reading, "Crime Minister" and demonstrate against Israeli Prime Minister Benjamin Netanyahu just before his corruption trial opens, outside his residence in Jerusalem May 24, 2020. The placard in Hebrew reads, " Indictment: favorable coverage = lying to the public" REUTERS/Amir Cohen/File Photo
Protesters wave an Israeli flag and hold placards as they stand behind a banner reading, "Crime Minister" and demonstrate against Israeli Prime Minister Benjamin Netanyahu just before his corruption trial opens, outside his residence in Jerusalem May 24, 2020. The placard in Hebrew reads, " Indictment: favorable coverage = lying to the public" REUTERS/Amir Cohen/File Photo
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G7 Statement will Not Mention ICC Warrant for Netanyahu

Protesters wave an Israeli flag and hold placards as they stand behind a banner reading, "Crime Minister" and demonstrate against Israeli Prime Minister Benjamin Netanyahu just before his corruption trial opens, outside his residence in Jerusalem May 24, 2020. The placard in Hebrew reads, " Indictment: favorable coverage = lying to the public" REUTERS/Amir Cohen/File Photo
Protesters wave an Israeli flag and hold placards as they stand behind a banner reading, "Crime Minister" and demonstrate against Israeli Prime Minister Benjamin Netanyahu just before his corruption trial opens, outside his residence in Jerusalem May 24, 2020. The placard in Hebrew reads, " Indictment: favorable coverage = lying to the public" REUTERS/Amir Cohen/File Photo

A joint statement of Group of Seven foreign ministers is set to avoid mentioning the International Criminal Court's (ICC) arrest warrant for Israeli Prime Minister Benjamin Netanyahu, despite an effort by the Italian hosts to find a common position on it.

Italy, which currently chairs the G7, said on Monday it wanted to try to forge a common position about the ICC arrest warrant at a two-day meeting it hosted in the spa town of Fiuggi and which ended on Tuesday.

A draft of the final statement due to emerge from the discussions, reviewed by Reuters, did not directly name the ICC and its decisions.

"In exercising its right to defend itself, Israel must fully comply with its obligations under international law in all circumstances, including International Humanitarian Law," it said.

"We reiterate our commitment to International Humanitarian Law and will comply with our respective obligations," the statement added, stressing "that there can be no equivalence between the terrorist group Hamas and the State of Israel".

Last week, the ICC issued arrest warrants for Netanyahu and his former defence chief Yoav Gallant, as well as a Hamas leader, Ibrahim Al-Masri, for alleged war crimes and crimes against humanity in the Gaza conflict.

The move was strongly criticized by the United States but other states including Britain and Italy did not rule out that they could make an arrest if Netanyahu visited their countries.

Israel condemned the ICC decision as shameful and absurd. Hamas praised it as a step towards justice.