Iran recovers amounts of frozen funds in the UAE

March 4, 2016 18:28
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Iran's central bank chief said Waliullah Saif The Emirates Oil Company has re-nearly $ 3 billion to Iran was frozen has previously due to international sanctions.
The agency quoted an Iranian head of Iran's central bank as saying: "The Emirates National Oil Company has yet to pay about 50% of the debt owed to Iran," noting that European companies have already started to transfer funds from the frozen assets. The Iranian government funds frozen in bank institutions abroad since the United Nations and the United States and the European Union imposed sanctions on Iran to force it to curb its nuclear program.
With the entry into force of the agreement on the Iranian nuclear program in the 19 of January the past, the United States and the European Union announced the lifting of economic and financial sanctions on Iran.