Monday, May 6, 2024

$6 billion in Iranian assets once frozen in South Korea now in Qatar, key for prisoner swap with US



DUBAI – Some $6 billion of Iranian assets once frozen in South Korea is in Qatar, a key component for a deliberate prisoner swap between Tehran and the United States, an Iranian professional stated Monday.

Nasser Kanaani made the remark all through a news convention aired on state tv, however the feed reduce instantly after his remarks with out rationalization.

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“The issue of swap of prisoners will be done on this day and five prisoners, citizens of the Islamic Republic, will be released from the prisons in the U.S.,” Kanaani stated. “Five imprisoned citizens who were in Iran will be given to the U.S. side reciprocally, based on their will. We expect these two issues fully take place based on agreement.”

He stated two of the Iranian prisoners will keep in the U.S.

Iranian news companies instantly later on reported, quoting Kanaani, that the prisoner swap can be achieved on Monday. There used to be no different information instantly launched by means of the companies and U.S. officers didn’t recognize the feedback.

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The announcement by means of Kanaani comes weeks after Iran stated that 5 Iranian-Americans are now underneath area arrest as a part of a confidence-building transfer whilst Seoul allowed the frozen assets, held in South Korean received, to be transformed into euros. That cash used to be then despatched to Qatar, an interlocutor between Tehran and Washington in the negotiations.

The deliberate swap has opened up amid a big American army buildup in the Persian Gulf, with the potential of U.S. troops boarding and guarding commercial ships in the Strait of Hormuz, wherein 20% of all oil shipments go.

The deal has additionally already opened President Joe Biden to recent complaint from Republicans and others who say that the management helps spice up the Iranian financial system at a time when Iran poses a rising risk to U.S. troops and Mideast allies. That may elevate over into his reelection marketing campaign as smartly.

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