Central Bank Governor Abdolnaser Hemmati said negotiations made significant progress, documents were signed, and the funds will be put to use gradually under set conditions and central bank procedures.
Iran is moving ahead with the release of frozen assets after talks in Switzerland, with Central Bank Governor Abdolnaser Hemmati saying negotiations made significant progress and related documents were signed in the latest round. He said the funds will be gradually put to use in the coming days under set conditions and central bank procedures. Hemmati also said sanctions waiver mechanisms for oil and petrochemical exports were to be implemented by the U.S. Treasury's OFAC. Economy Minister Madanizadeh had earlier said the central bank had begun the necessary measures, though no amounts or further details on the asset release were disclosed.