malaymail.com 02 May, 2021 15:45 am

Iran, US agree to prisoner swap and release of frozen funds, reports pro-Iranian Lebanese TV

Iran, US agree to prisoner swap and release of frozen funds, reports pro-Iranian Lebanese TV
DUBAI, May 2 — Iran will free four Americans accused of spying in exchange for four Iranians held in the United States and the release of US$7 billion (RM28.7 billion)  in frozen Iranian funds, a pro-Iranian Lebanese TV channel reported today, citing unnamed Iranian officials. Iranian state...

7 billion)  in frozen Iranian funds, a pro-Iranian Lebanese TV channel reported today, citing unnamed Iranian officials.Iranian officials told Reuters last month that an interim deal could be a way to gain time for a lasting settlement that involved unfreezing Iranian funds blocked under US sanctions.Subscribe to our Telegram channel for the latest updates on news you need to know.Iran and world powers are holding talks to revive the 2015 nuclear accord that Washington abandoned three years ago.

Tehran and the powers have been meeting in Vienna since early April to work on steps that must be taken, touching on US sanctions and Iran’s alleged breaches of the 2015 deal, to bring Tehran and Washington back into full compliance with the accord.Iran says US$20 billion of its oil revenue has been frozen in countries like South Korea, Iraq and China under the US sanctions regime since 2018.

Read full story at malaymail.com