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.”



Trump Administration Says Harvard May Lose Ability to Enroll Foreign Students

People take photos in January 2024 near John Harvard's statue on the Harvard University campus in Cambridge, Massachusetts. Steven Senne/AP
People take photos in January 2024 near John Harvard's statue on the Harvard University campus in Cambridge, Massachusetts. Steven Senne/AP
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Trump Administration Says Harvard May Lose Ability to Enroll Foreign Students

People take photos in January 2024 near John Harvard's statue on the Harvard University campus in Cambridge, Massachusetts. Steven Senne/AP
People take photos in January 2024 near John Harvard's statue on the Harvard University campus in Cambridge, Massachusetts. Steven Senne/AP

The US Department of Homeland Security said Harvard University will lose its ability to enroll foreign students if it does not meet demands from the Trump administration to share information on some visa holders, marking the government's latest escalation against the educational institution.
Department of Homeland Security Secretary Kristi Noem also announced on Wednesday the termination of two DHS grants totaling more than $2.7 million to Harvard, Reuters said.
Noem said she wrote a letter to Harvard demanding records on what she called the "illegal and violent activities" of Harvard's foreign student visa holders by April 30.
"And if Harvard cannot verify it is in full compliance with its reporting requirements, the university will lose the privilege of enrolling foreign students," Noem said in a statement.
A Harvard spokesperson said the university was aware of Noem's letter "regarding grant cancellations and scrutiny of foreign student visas."
The spokesperson said the university stood by its statement earlier in the week to "not surrender its independence or relinquish its constitutional rights" while saying it will comply with the law.
President Donald Trump's administration has threatened universities with federal funding cuts over pro-Palestinian campus protests against US ally Israel's devastating military assault on Gaza after a deadly October 2023 attack by Palestinian Hamas militants.
Trump casts the protesters as foreign policy threats who are antisemitic and sympathetic to Hamas. Protesters, including some Jewish groups, say the Trump administration wrongly conflates their advocacy for Palestinian rights and criticism of Israel's actions in Gaza with support for extremism and antisemitism.
The Trump administration is also attempting to deport some foreign protesters and has revoked hundreds of visas across the country.
"With a $53.2 billion endowment, Harvard can fund its own chaos - DHS won't," Noem said, adding an "anti-American, pro-Hamas ideology" existed at Harvard.
Harvard has previously said it worked to fight antisemitism and other prejudice on its campus while preserving academic freedoms and the right to protest.
TRUMP'S CRACKDOWN
The Trump administration said late last month it was reviewing $9 billion in federal contracts and grants to Harvard and later called for restrictions - including a mask ban and removal of diversity, equity and inclusion programs - to be put in place for the university to continue receiving federal money.
Harvard on Monday rejected numerous demands that it said would cede control to the government. The Trump administration subsequently said it was freezing $2.3 billion in funding.
Trump also threatened on Tuesday to strip Harvard of its tax-exempt status. CNN reported on Wednesday the US Internal Revenue Service was making plans to rescind the tax-exempt status of Harvard and that a final decision was expected soon.
Harvard said there was no legal basis to rescind its tax-exempt status, saying such an action will be unprecedented, will diminish its financial aid for students and will lead to abandonment of some critical medical research programs.
Human rights advocates have raised free speech and academic freedom concerns over the crackdown by the government.
The Trump administration has frozen or canceled some funding for universities like Columbia, Princeton, Brown, Cornell and Northwestern as well.
It has also threatened to withhold funding over culture war issues such as DEI programs and transgender policies.