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Iranian deputy foreign minister says frozen funds to be used for needed goods

Iranian Deputy Foreign Minister Kazem Gharibabadi says Tehran will use part 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 US, Washington agreed to make Iran’s frozen or restricted assets available as part of the agreement’s implementation.

It remains unclear how the mechanism for releasing and using the funds will work, or when it will 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,” he added.

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