According to a report by Yonhap News, it is anticipated that it will take approximately two months for Iran to fully implement its recently finalized negotiation agreement with the United States. Nasser Khanani, the Iranian Foreign Ministry spokesman, shared this information during a press conference conducted both online and offline on the 21st.
Emphasizing the significance of the announcements made by relevant authorities, Khanani stated, “Given the current circumstances, it is likely that the implementation process will span up to two months.” He further dismissed media reports and speculations surrounding this matter as meaningless. Moreover, Khanani revealed that the release of Iranian funds, which were frozen in Iraq, is also underway, indicating progress resulting from indirect dialogue with the United States.
The United States and Iran had previously agreed to release frozen Iranian funds in Iraq and Europe, including South Korea, alongside negotiations for a prisoner exchange, with each country releasing five individuals from their respective sides.
In the case of South Korea, the frozen Iranian funds comprise Iranian crude oil imports that were held by domestic banks due to the US-imposed sanctions on Iran under the Trump administration in May 2019. Iranian media reports indicate that the sum of 8 trillion won, previously frozen in Korea, was transferred to a Swiss bank on the 10th of this month. Following this, the money will be converted into euros and eventually transferred to an Iranian account in a Qatar bank, with the process expected to take approximately 5 to 6 weeks. Once the money transfer is finalized, both the US and Iran reportedly plan to repatriate five prisoners from each other’s custody.
This development highlights the ongoing cooperation between the United States and Iran, as they work towards the implementation of their negotiated agreement. As time progresses, it is crucial to closely monitor the execution of these measures, which hold significant implications for both nations and the broader geopolitical landscape.
Reuters = Yonhap News
It is expected that it will take up to two months for Iran to fully implement its recently formalized negotiation agreement with the United States.
Iranian Foreign Ministry spokesman Nasser Khanani said in a press conference held online and offline on the 21st (local time), “Given the announcements of the relevant authorities, it is likely that the agreement process takes up to two months to be fully implemented,” Yonhap News reported. .
“The implementation process is currently underway, and media reports and speculation in this regard are meaningless,” Kanani said. He added that Iranian funds frozen in Iraq are also in the process of being released, which is the result of an indirect dialogue with the United States.
The United States and Iran previously agreed to release frozen Iranian funds in Iraq and Europe, including South Korea, while negotiating the exchange of five prisoners each in their respective countries.
The frozen Iranian funds in Korea are Iranian crude oil imports that were tied up in domestic banks due to sanctions against Iran by the US administration at the time of Trump in May 2019. According to local media reports in Iran, 8 trillion won in Iranian funds, which had been frozen in Korea, was transferred to a Swiss bank on the 10th. The money will be converted into euros and finally transferred to an Iranian account in a Qatar bank, which is expected to take about 5 to 6 weeks. Once the money transfer is complete, the US and Iran reportedly plan to return five prisoners from the other side.
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