Iranian Govt Says Frozen Assets Released in Four Countries

Head of the Planning and Budget Organization (PBO), Davoud Manzour and to his left, Governor of the Central Bank, Mohammadreza Farzin, during a meeting of the government (Iranian presidency)
Head of the Planning and Budget Organization (PBO), Davoud Manzour and to his left, Governor of the Central Bank, Mohammadreza Farzin, during a meeting of the government (Iranian presidency)
TT

Iranian Govt Says Frozen Assets Released in Four Countries

Head of the Planning and Budget Organization (PBO), Davoud Manzour and to his left, Governor of the Central Bank, Mohammadreza Farzin, during a meeting of the government (Iranian presidency)
Head of the Planning and Budget Organization (PBO), Davoud Manzour and to his left, Governor of the Central Bank, Mohammadreza Farzin, during a meeting of the government (Iranian presidency)

Iran’s Deputy President and head of the Planning and Budget Organization (PBO), Davoud Manzour, revealed that a significant part of the Iranian frozen assets were released in South Korea, Türkiye, Japan and Iraq, several Iranian news agencies reported.

In a meeting with economic experts late Saturday, Manzour said they were trying to reduce the impact of the sanctions or "remove them.”

"These assets are, of course, part of the central bank's reserves and do not belong to the government,” he noted.

Iran on Aug. 10 released four imprisoned US citizens into house arrest, where they joined a fifth already under home confinement, in the first step of a deal under which $6 billion in Iranian funds in South Korea would be unfrozen and the five would eventually be allowed to leave Iran.

Seoul then affirmed that the Iranian assets that had been frozen in South Korea were transferred to Switzerland's central bank and then to an account in Qatar that Iran could access.

Tehran says the process of releasing the US prisoners held in Iran will take up to two months.

Last Tuesday, White House National Security Adviser Jake Sullivan has said that the prisoner swap deal between the US and Iran is “on track.”

US officials say the $6bn will be moved to “restricted accounts” that can be accessed solely for “humanitarian purposes”, while Iranian President Ibrahim Raisi said that the released assets would be used to enhance domestic production.



Taiwan Reports Chinese Balloon, First Time in Six Months

A woman holds flags amid celebrations of the 130th foundation anniversary of Taiwan's largest opposition party Kuomintang (KMT), in Taoyuan, Taiwan November 24, 2024. (Reuters)
A woman holds flags amid celebrations of the 130th foundation anniversary of Taiwan's largest opposition party Kuomintang (KMT), in Taoyuan, Taiwan November 24, 2024. (Reuters)
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Taiwan Reports Chinese Balloon, First Time in Six Months

A woman holds flags amid celebrations of the 130th foundation anniversary of Taiwan's largest opposition party Kuomintang (KMT), in Taoyuan, Taiwan November 24, 2024. (Reuters)
A woman holds flags amid celebrations of the 130th foundation anniversary of Taiwan's largest opposition party Kuomintang (KMT), in Taoyuan, Taiwan November 24, 2024. (Reuters)

Taiwan's defense ministry on Monday reported that a Chinese balloon had been detected over the sea to Taiwan's north, the first time since April it has reported such an incident in what Taipei views as part of a pattern of harassment by Beijing.

Taiwan, which China claims as its own territory, complained that in the weeks leading up to its presidential election in January Chinese balloon activity took place at an "unprecedented scale".

It described the incidents as part of a Chinese pressure campaign - so-called grey-zone warfare designed to exhaust a foe using irregular tactics without open combat.

Taiwan strongly objects to China’s sovereignty claims and says only the island’s people can decide their future.

The ministry, in its regular morning update on Chinese military activities over the previous 24 hours, said the single balloon was detected at 6:21 p.m. (1021 GMT) on Sunday 60 nautical miles (111 km) to the north of Taiwan's Keelung port.

It then vanished some two hours later, having flown at an altitude of 33,000 ft (10,000 meters), but without crossing Taiwan itself, the ministry said.

China's defense ministry did not respond to a request for comment.

China has previously dismissed Taiwan's complaints about the balloons, saying they were for meteorological purposes and should not be hyped up for political reasons.

The potential for China to use balloons for spying became a global issue last year when the United States shot down what it said was a Chinese surveillance balloon. China said the balloon was a civilian craft that accidentally drifted astray.