Iran says release of funds critical to talks with Washington

A senior Iranian official said the release of frozen Iranian assets has emerged as a key issue in negotiations between Tehran and Washington.

Representative image (Pexels)
Representative image (Pexels)

Tehran (Iran), June 6: The release of frozen Iranian funds has emerged as a key issue in negotiations between Tehran and Washington, according to a senior Iranian official.

Mohsen Rezaei, a former commander of the Islamic Revolutionary Guard Corps and an adviser to Iran's Supreme Leader, said progress in the talks was being hindered by disagreements over the release of Iranian assets.

In an interview with CNN broadcast on Friday, Rezaei said the negotiations were facing difficulties because of the unresolved issue of frozen funds.

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Iran has faced asset freezes and extensive sanctions imposed by the United States and other Western countries since the 1979 Islamic Revolution, which overthrew the US-backed Shah Mohammad Reza Pahlavi.

While there is no official estimate of the total value of frozen Iranian assets, media reports have placed the figure between 100 billion and 123 billion US dollars.

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According to Rezaei, Iran has made the release of the frozen funds one of several conditions for reaching an agreement with Washington.

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