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.”



South Korea’s Yoon Defies Second Agency Summons over Martial Law

This handout from the South Korean Presidential Office taken on December 3, 2024 shows South Korea President Yoon Suk Yeol delivering a speech to declare martial law in Seoul. (Handout / South Korean Presidential Office / AFP)
This handout from the South Korean Presidential Office taken on December 3, 2024 shows South Korea President Yoon Suk Yeol delivering a speech to declare martial law in Seoul. (Handout / South Korean Presidential Office / AFP)
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South Korea’s Yoon Defies Second Agency Summons over Martial Law

This handout from the South Korean Presidential Office taken on December 3, 2024 shows South Korea President Yoon Suk Yeol delivering a speech to declare martial law in Seoul. (Handout / South Korean Presidential Office / AFP)
This handout from the South Korean Presidential Office taken on December 3, 2024 shows South Korea President Yoon Suk Yeol delivering a speech to declare martial law in Seoul. (Handout / South Korean Presidential Office / AFP)

South Korea's suspended President Yoon Suk Yeol did not respond on Wednesday to a second summons by anti-corruption authorities who, along with prosecutors, are investigating his short-lived martial law decree issued early this month.

Yoon had not appeared for questioning as of 10 a.m. (0100 GMT) on Christmas Day as requested by the Corruption Investigation Office for High-ranking Officials, after ignoring their first summons last week.

An agency official said it would continue waiting for Yoon on Wednesday, adding it would need to review the case further before seeking an arrest warrant, Yonhap news agency reported.

Yoon also did not respond on Dec. 15 to a separate summons by prosecutors who are investigating the martial law declaration, Yonhap said.

Yoon's repeated defiance of the summons and failures to appear for questioning have sparked criticism and calls from the opposition for his arrest, citing concerns over potential destruction of evidence.

In a televised address on Dec. 7, four days after the martial law declaration, Yoon said he would not evade legal and political responsibility for his actions.

Yoon was impeached by parliament on Dec. 14 over his brief imposition of martial law and must now face a Constitutional Court trial on whether to remove him from office or restore his presidential powers.

Prosecutors, the police and the corruption investigation office have all launched probes into Yoon and other officials, seeking to pursue charges of insurrection, abuse of power or other crimes.

Insurrection is one of the few charges for which a South Korean president does not have immunity.

A lawyer advising Yoon has said he is willing to present his views in person during legal proceedings related to the martial law declaration.