US to release $12 billion in frozen Iranian assets under deal, Iranian media reports

The United States will release $12 billion in frozen assets to Iran before the start of negotiations under the just-announced US-Iran agreement, the Mehr news agency reports, quoting a 14-point memorandum of understanding between the two nations.

The document published by Mehr stipulates “the release of 24 billion dollars in frozen Iranian assets during the 60‑day negotiation period” that begins after the memorandum of understanding is concluded. A signing ceremony is scheduled for Friday in Switzerland.

“Half of this amount must be made available to Iran before the start of the negotiations,” the text, which has not been officially confirmed, specifies.

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