Iranian Deputy Foreign Minister Kazem Gharibabadi said Wednesday that Tehran would use some of its frozen assets in Qatar to purchase goods needed by the country following talks in Doha. Under the memorandum of understanding that halted the war between Iran and the United States, Washington agreed to make available Iran's frozen or restricted assets as part of the agreement's implementation. Follow our liveblog for the latest updates.
Iranian Deputy Foreign Minister Kazem Gharibabadi said Wednesday that Tehran would use some of its frozen assets in Qatar to purchase goods needed by the country following talks in Doha.
Under the memorandum of understanding that halted the war between Iran and the United States, Washington agreed to make available Iran's frozen or restricted assets as part of the agreement's implementation.
It remains unclear how the mechanism for releasing and using the funds would work, or when it would take effect.
"During the meetings with Qatari officials, including the Central Bank, a number of issues related to the expenditure of part of the initial six billion dollars were reviewed," Gharibabadi said, according to the IRNA state news agency.
"It was agreed that, based on the needs communicated by our country, the required goods would be purchased and made available to Iran."
Originally reported by France 24.