US says there will be restrictions on unfrozen Iran funds ...Kuwait

The White House stressed on Friday that there would be restrictions on what Iran could do with any funds unfrozen under an emerging agreement that has led to the release of five Americans from prison to house arrest in Tehran. White House spokesperson John Kirby told reporters that the United States would have "full visibility" into where any released Iranian funds are directed and used. An estimated $6 billion in Iranian assets are now held in South Korea. "Essentially, the funds can only be accessed for food, medicine, medical equipment that would not have a dual military use," he said. "And there will be a rigorous process of due diligence and standards applied with

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Last updated : 12 August 2023 clock 12:20 PM

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US says there will be restrictions on unfrozen Iran funds ...Kuwait

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