News ID: 272725
Published: 0602 GMT August 10, 2020

Zarif: Iran to adopt various methods to unblock frozen assets

Zarif: Iran to adopt various methods to unblock frozen assets

Foreign Minister of Iran Mohammad Javad Zarif has said that Iran will adopt different methods to release its frozen assets in other countries.

Iran is negotiating with other countries and will file a lawsuit if necessary, Zarif said in a recent interview referring to the measures taken by the Foreign Ministry to unblock Tehran’s assets in other countries, Mehr News Agency reported on Monday.

He added there are other ways to return the frozen money such as bartering or purchasing goods from other countries.

Zarif further noted that the Iranian Foreign Ministry has successfully unblocked some of the frozen assets from a number of countries so far.

According to Iran’s Foreign Ministry, before the Trump administration last year reimposed penalties on Iran’s crude sales, South Korea is about seven billion dollars in arrears for oil imports from Iran.

Ira has previously warned South Korea that Tehran will file a complaint concerning its frozen assets against South Korean banks in the international courts of justice.

Resource: MNA
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