Transfer of Iranian frozen assets to Central Bank of Iran underway, Araqchi

Tehran, March1, IRNA- Transfer of Iranian assets frozen by the western governments to Central Bank of Iran is underway, Iranian Deputy Foreign Minister for Legal and International Affairs Abbas Araqchi said on Saturday.

He made the remarks in an interview with IRNA.

"Tehran has done the process needed to receive the first and second installment of its 4.2 dlrs billion funds previously blocked overseas, he said.

"The first and second installment of the 4.2 dlrs billion of Iran’s blocked oil revenues have been transferred to a designated Swiss bank account".

Iran and the sextet – Russia, China, the US, France, Britain and Germany -- inked a nuclear accord in the Swiss city of Geneva on November 24, 2013.

The two sides have agreed to stage-by-stage implementation of the interim agreement reciprocating one another since January 20.

Under the Geneva accord, the six countries agreed to lift some of the existing sanctions in exchange for Tehran’s confidence-building measure not to develop the national nuclear program for a six-month period.

On January 12, Araqchi said 4.2 dlrs billion of Iranian frozen assets would be released in eight stages and Tehran, in return, would oxidize its 20 percent enriched uranium within a year.

In reaction to the German Chancellor recent remarks on Iran's nuclear issue, Araqchi told IRNA that Angela Merkel has confessed to Iran's right for enrichment.

"Merkel recent remarks show that the international community has accepted Iran's right for enrichment."

"The Zionists are doing their best to prevent negotiations to go forward; P5+1 member states should continue the talks with good faith."

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