Iran says 50% of frozen assets must be unfrozen immediately under any U.S. memorandum

Kazem Gharibabadi said the remaining Iranian funds should be released within one to two months, with technical and financial arrangements negotiated during a 60-day implementation period.

Summary

Iran set out terms for the release of its frozen financial assets in any initial understanding with the United States. Iranian Deputy Foreign Minister for Legal and International Affairs Kazem Gharibabadi said at least 50% of the assets must be unfrozen immediately once a memorandum of understanding is signed, while the rest should be released within one to two months. He added that technical and financial arrangements would be negotiated during a 60-day implementation period, outlining a phased approach that links an upfront asset release to follow-on operational talks.

Terms & Concepts
  • memorandum of understanding: A nonbinding agreement outlining preliminary terms.
  • implementation period: A set timeframe to carry out agreed steps.