(VOVworld) – Iran has been able to access frozen assets worth about 100 billion USD in foreign banks after signing a nuclear deal with 6 world powers on January 16.
US Secretary of State John Kerry, left, holds a meeting with Iran's Foreign Minister Javad Zarif, right, over Iran's nuclear program in Lausanne, Switzerland, on March 17, 2015. Photographer: Brian Snyder/AFP/Getty Images |
Iran's oil and natural gas export revenue has been frozen in banks in China, India, Japan, South Korea, and Turkey since the west tightened economic sanctions on Iran in 2012.
9 Iranian banks have accessed the global financial network to transfer the money to Iran. Iranian government spokesman Mohammad-Baqer Nobakht said most of the money will be kept overseas and used to invest and purchase goods.