Iran Steps Closer to Recover $7 Billion of Frozen Assets

 Iran’s foreign ministry spokesman Saeed Khatibzadeh speaks to media during a press conference in Tehran on November 15, 2021. (AFP)
Iran’s foreign ministry spokesman Saeed Khatibzadeh speaks to media during a press conference in Tehran on November 15, 2021. (AFP)
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Iran Steps Closer to Recover $7 Billion of Frozen Assets

 Iran’s foreign ministry spokesman Saeed Khatibzadeh speaks to media during a press conference in Tehran on November 15, 2021. (AFP)
Iran’s foreign ministry spokesman Saeed Khatibzadeh speaks to media during a press conference in Tehran on November 15, 2021. (AFP)

Iran’s Foreign Ministry spokesman Saeed Khatibzadeh said on Monday that part of the Iranian assets frozen under US sanctions “will be released soon,” without giving further details.

The official IRNA news agency quoted Khatibzadeh as saying that the necessary framework for removing the blockade of a “significant part” of Iran's frozen assets has been determined.

His statements came about an hour after his weekly press conference, where he denied being well-informed about the release of the frozen assets or the imminent visit of a regional official.

IRNA had reported that a high-ranking regional official “will travel to Tehran on Tuesday to finalize the mechanism for launching $7 billion.”

“According to the agreement reached with countries that have contracts with Iran, the framework was set for lifting the seizure of a significant part of the country’s frozen assets,” IRNA said, noting that the agreement provides for the transfer of Iranian assets to the country’s bank accounts within weeks.

The agency noted that the framework “is similar to that agreed upon with Britain,” in reference to the British-Iranian deal under which debts were paid to Iran in exchange for the release of Britons of Iranian origin.

In turn, Tasnim agency, which is affiliated with the Iranian Revolutionary Guards, reported that the Iranian assets “are likely to be transferred to the (branch) account of the Central Bank of Iran in Amman, while a senior regional official is arriving to finalize the mechanism for releasing the $7 billion.”

However, Khatibzadeh expressed on Monday Iranian doubts about the “determination” of the United States to reach an understanding to revive the 2015 nuclear agreement, speaking of continuing differences after a year of negotiations between Tehran and the six great powers.

“We really don’t know if we’ll get a deal or not, because the United States hasn’t shown the necessary will to reach an agreement,” Khatibzadeh said, as quoted by AFP.

“All components of maximum pressure must be removed,” he added. “Unfortunately, the United States is trying to maintain some of the elements of maximum pressure.”



China Sends Naval, Air Forces to Shadow US Plane over Taiwan Strait

A ship sails between wind turbines in the Taiwan strait off the coast of Pingtan Island, Fujian province, China, April 10, 2023. (Reuters)
A ship sails between wind turbines in the Taiwan strait off the coast of Pingtan Island, Fujian province, China, April 10, 2023. (Reuters)
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China Sends Naval, Air Forces to Shadow US Plane over Taiwan Strait

A ship sails between wind turbines in the Taiwan strait off the coast of Pingtan Island, Fujian province, China, April 10, 2023. (Reuters)
A ship sails between wind turbines in the Taiwan strait off the coast of Pingtan Island, Fujian province, China, April 10, 2023. (Reuters)

China's military said on Tuesday it deployed naval and air forces to monitor and warn a US Navy patrol aircraft that flew through the sensitive Taiwan Strait, denouncing the United States for trying to "mislead" the international community.

Around once a month, US military ships or aircraft pass through or above the waterway that separates democratically governed Taiwan from China - missions that always anger Beijing.

China claims sovereignty over Taiwan and says it has jurisdiction over the strait. Taiwan and the United States dispute that, saying the strait is an international waterway.

The US Navy's 7th fleet said a P-8A Poseidon maritime patrol aircraft had flown through the strait "in international airspace", adding that the flight demonstrated the United States' commitment to a free and open Indo-Pacific.

"By operating within the Taiwan Strait in accordance with international law, the United States upholds the navigational rights and freedoms of all nations," it said in a statement.

China's military criticized the flight as "public hype", adding that it monitored the US aircraft throughout its transit and "effectively" responded to the situation.

"The relevant remarks by the US distort legal principles, confuse public opinion and mislead international perceptions," the military's Eastern Theater Command said in a statement.

"We urge the US side to stop distorting and hyping up and jointly safeguard regional peace and stability."

In April, China's military said it sent fighter jets to monitor and warn a US Navy Poseidon in the Taiwan Strait, a mission that took place just hours after a call between the Chinese and US defense chiefs.