(VOVworld) – Switzerland has unfrozen Iran’s accounts following the US and EU lifting economic sanctions on Iran.
From 2007 to 2012, Swiss banks blocked 12 million Swiss francs, equivalent to 11.8 million USD, from individuals, companies, or government institutions, because of Iran’s nuclear program.
Iran has about 30 billion USD in assets frozen in foreign banks. The nuclear deal opens up new international business opportunities for Iran.