Official: Iraq, Oman, South Korea to Unblock Iran’s Assets

Date: 07 March 2021 - 22:48

News ID: ۸۸۳۳۵

TEHRAN (Dispatches) - Secretary-General of Iran-Iraq Joint Chamber of Commerce Seyed Hamid Husseini on Sunday said that $3bn of Iran’s frozen assets in Iraq, Oman and South Korea will be released.
"The U.S. has agreed with releasing $3bln of Iran’s resources in South Korea, Oman and Iraq,” Husseini said.
He added that a senior advisor to the Iraqi prime minister has also confirmed that some parts of Iran’s blocked assets in Iraq will be released and used to send humanitarian goods to Iran
"Recently, a shipment of corn entered Iran from Iraq which is the result of the release of these resources,” Husseini said.
Husseini had also on Saturday wrote on his twitter page that that according to some Iraqi sources Baghdad is going to unblock Iranian revenues.
"Reliable sources in Iraq suggest that the U.S. has agreed to release Iranian resources at the Trade Bank of Iraq,” he said, adding that they have announced that several transactions have been made on the issue.
Late in February, Governor of the Central Bank of Iran Abdolnasser Hemmati and President of the State-owned Trade Bank of Iraq Salem Chalabi in a meeting in Tehran reviewed ways to transfer Iran’s frozen assets in the neighboring country.
Hemmati and Chalabi conferred on methods of transferring and using Iran’s resources and frozen assets in Iraq.
The Iraqi official further referred to recent payments to Tehran from its frozen assets in Iraq, underlining that efforts are made to create financial channels to facilitate the process.