IRGC Retrieves Hundreds of Millions of Dollars from Abroad

CEO of Chadormalu Ali Taherzadeh speaks to Director of Bank Sepah Ayatollah Ebrahimi. (Telegram)
CEO of Chadormalu Ali Taherzadeh speaks to Director of Bank Sepah Ayatollah Ebrahimi. (Telegram)
TT
20

IRGC Retrieves Hundreds of Millions of Dollars from Abroad

CEO of Chadormalu Ali Taherzadeh speaks to Director of Bank Sepah Ayatollah Ebrahimi. (Telegram)
CEO of Chadormalu Ali Taherzadeh speaks to Director of Bank Sepah Ayatollah Ebrahimi. (Telegram)

The Iranian Revolutionary Guard Corps intelligence unit announced it retrieved $560 million in revenues from frozen mining sector exports abroad.

The KhabarOnline news agency reported that the IRGC's public relations returned over 92 percent of the financial pledges to the Chadormalu Mining and Industrial Company in Yazd province, equivalent to $560 million.

The statement said that the intelligence service was tasked with returning the foreign currency resulting from Chadormalu's exports, noting that the operation was carried out by the "Unkinw Soldiers of Imam Zaman" in Yazd.

The statement did not disclose the country from which the intelligence services transferred the money or the date of the operation.

The Tehran Stock Exchange data, dating back to 2016, indicate that Chadormalu's resources amount to $2 billion annually.

Bank Sepah, which is linked to the military, and the National Steel Company are among the major investors in the group.

Last January, the mining and mineral industries' resources exceeded $9 billion.

The announcement would expose Chadormalu, one of the largest iron companies in the country, to the risk of US sanctions, given the sanctions facing the IRGC.

It could also deprive Iranian banks of financial transfers and use the Swift network after the Financial Action Task Force (FATF), which combats money laundry, said Iran would stay on the blacklist.

Iran is struggling to return tens of billions of its frozen assets while facing harsh US sanctions after former President Donald Trump withdrew from the nuclear deal.

Recently, the authorities have tried to curb a record decline in the exchange rate of the Iranian riyal against foreign currencies, especially the US dollar.

On March 10, a member of the Iranian-Iraqi Chamber of Commerce, Hamid Hosseini, said Iraq would return $500 million of Iranian funds frozen in its banks. He predicted that Iran's exports would exceed $9 billion annually.

Iran has frozen assets in Iraq from the proceeds of selling gas and electricity.

Hosseini said that Iraq's debts to Iran exceeded $10 billion and that it was recently decided to pay off some debts.

Information about frozen Iranian assets abroad is conflicting, and some unofficial estimates indicate that they range between $100 billion and $120 billion.

Iran is currently demanding the return of frozen assets from its oil sales in Japan and South Korea.

Tehran's holdings in South Korea are estimated at $7 billion, $1.6 billion in Japan, and $1.5 billion in Luxembourg. Last December, Iranian newspapers reported that Iran's frozen assets in China amounted to $30 billion.



Italy Says Rome to Host Second Round of US-Iran Nuclear Talks 

A woman walks past a mural depicting a US Air Force unmanned aerial vehicle (UAV, or drone) painted on the outer walls of the former US embassy in Tehran, colloquially-referred to as the "Spy Den," on April 8, 2025. (AFP)
A woman walks past a mural depicting a US Air Force unmanned aerial vehicle (UAV, or drone) painted on the outer walls of the former US embassy in Tehran, colloquially-referred to as the "Spy Den," on April 8, 2025. (AFP)
TT
20

Italy Says Rome to Host Second Round of US-Iran Nuclear Talks 

A woman walks past a mural depicting a US Air Force unmanned aerial vehicle (UAV, or drone) painted on the outer walls of the former US embassy in Tehran, colloquially-referred to as the "Spy Den," on April 8, 2025. (AFP)
A woman walks past a mural depicting a US Air Force unmanned aerial vehicle (UAV, or drone) painted on the outer walls of the former US embassy in Tehran, colloquially-referred to as the "Spy Den," on April 8, 2025. (AFP)

A second round of nuclear talks between the United States and Iran will be held in Rome, Italian Foreign Minister Antonio Tajani was reported as saying on Monday by the country's main news agency ANSA. 

Iran and the US said they held "positive" and "constructive" talks in Oman on Saturday and agreed to reconvene this week. 

"We received a request from the interested parties and from Oman, which is playing the role of mediator, and we have given a positive response," Tajani was quoted by ANSA as saying at the world Expo exhibition in the Japanese city of Osaka. 

Rome has often hosted these type of talks, Tajani said, and is "prepared to do everything it takes to support all negotiations that can lead to a resolution of the nuclear issue, and to building peace". 

Earlier, US news agency Axios, citing two unnamed sources with knowledge of the matter, reported that the second round of the US-Iranian talks would be held in Rome on Saturday. 

US President Donald Trump, who has threatened military action if no deal is reached on halting Iran's nuclear program, told reporters aboard Air Force One on Sunday that he met with advisers on Iran and expected a quick decision. He gave no further details. 

The previous day he had told reporters that the Iran situation was "going pretty good, I think."