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Iranian Deputy Foreign Minister: Any agreement reached with the United States must include a clause to release half of the frozen Iranian assets.

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Gold Finance reported on June 6, citing Iran’s Tasnim News Agency, that Kazem Garibabadi, Deputy Minister of the Ministry of Foreign Affairs of the Islamic Republic of Iran for Legal Affairs and International Affairs, said that once any memorandum of understanding is signed with the United States, at least 50% of Iran’s frozen financial assets must be immediately unfrozen. Garibabadi said that Tehran would treat any draft agreement as final only if “its interests and concerns are fully taken into account.” Garibabadi said, “Iran insists that, after signing the memorandum of understanding, 50% of these funds must be immediately provided to Iran.” He added that the remaining funds should be “unfrozen within a limited period of one to two months after the agreement is signed.” Garibabadi said these assets belong to Iran and have been “illegally frozen” by the United States, and that unfreezing these assets is the core requirement of any potential understanding. He said that the remaining details of the fund-access mechanism, including technical and financial arrangements, will be further negotiated within the 60-day implementation period following the signing of the memorandum.
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