News / Middle East

Iran Gets First Tranche of Assets Under Sanctions Relief

FILE - Iran's national flags are seen on a square in Tehran.
FILE - Iran's national flags are seen on a square in Tehran.
Reuters
Iran was set to receive the first $550 million installment in previously blocked overseas funds early this week as part of an interim nuclear deal, the United States confirmed on Monday.
 
Iran's official IRNA news agency earlier on Monday reported the money went into an Iranian Central Bank account in Switzerland. A U.S. Treasury spokeswoman confirmed the development by email.
 
Under a Nov. 24 nuclear agreement, six major powers agreed to give Iran access to $4.2 billion in its oil revenues frozen abroad if it carries out the deal. Tehran gets limited sanctions relief in exchange for steps to curb its nuclear program.
 
Iran says its nuclear program is solely for peaceful purposes, such as generating electricity and medical isotopes.
 
Some payments under the six-month deal - which officially began Jan. 20 - depend on Iran keeping its commitment to dilute half of its 20 percent enriched uranium to no more than 5 percent enriched uranium.
 
Iran cannot get its next installment of $450 million on March 1 unless the International Atomic Energy Agency confirms Tehran has done half the necessary dilution of its enriched uranium, according to a Treasury fact sheet.

You May Like

Turkey's Controversial Reform Bill Giving Investors Jitters

Homeland security reform bill will give police new powers in search, seizure, detention and arrests, while restricting the rights of suspects, their attorneys More

Audio Slideshow In Kenyan Prison, Good Grades Are Path to Freedom

Some inmates who get high marks could see their sentences commuted to non-custodial status More

'Rumble in the Jungle' Turns 40

'The Champ' knocked Foreman out to regain crown he had lost 7 years earlier when US government accused him of draft-dodging and boxing officials revoked his license More

This forum has been closed.
Comment Sorting
Comments
     
by: Sunny Enwerem from: Abuja Nigeria
February 04, 2014 2:19 PM
A good sign.


by: Dr. Sandra B. from: USA
February 04, 2014 12:01 AM
I fear the Israeli President has had it correctly... this is a monumental mistake... of Global implications!!! we should have never allowed such a despicable Iranian regime - who is responsible for the slaughter of hundreds of thousands of Sunni Arabs and the proliferation of Shia terrorist groups all over the world- to benefit from its revolting iniquity..

Featured Videos

Your JavaScript is turned off or you have an old version of Adobe's Flash Player. Get the latest Flash player.
Victorious Secularists Face Challenge to Form Government in Tunisiai
X
Henry Ridgwell
October 30, 2014 11:39 PM
Official results from Tunisia show the Islamist Ennahda party has failed to win the second free election since the so-called "Arab Spring" uprising in 2011. Ennahda, which handed power to a government of technocrats pending the elections, lost out to the secular party Nidaa Tounes. Henry Ridgwell reports from London that the relatively peaceful poll offers some hope in a volatile region.
Video

Video Victorious Secularists Face Challenge to Form Government in Tunisia

Official results from Tunisia show the Islamist Ennahda party has failed to win the second free election since the so-called "Arab Spring" uprising in 2011. Ennahda, which handed power to a government of technocrats pending the elections, lost out to the secular party Nidaa Tounes. Henry Ridgwell reports from London that the relatively peaceful poll offers some hope in a volatile region.
Video

Video Africa Tells its Story Through Fashion

In Africa, Fashion Week is a riot of colors, shapes, patterns and fabrics - against the backdrop of its ongoing struggle between nature and its fast-growing urban edge. How do these ideas translate into needle and thread? VOA’s Anita Powell visited this year’s Mercedes Benz Fashion Week Africa in Johannesburg to find out.
Video

Video Smugglers Offer Cheap Passage From Turkey to Syria

Smugglers in Turkey offer a relatively cheap passage across the border into Syria. Ankara has stepped up efforts to stem the flow of foreign fighters who want to join Islamic State militants fighting for control of the Syrian border city of Kobani. But porous borders and border guards who can be bribed make illegal border crossings quite easy. Zlatica Hoke has more.
Video

Video China Political Meeting Seeks to Improve Rule of Law

China’s communist leaders will host a top level political meeting this week, called the Fourth Plenum, and for the first time in the party’s history, rule of law will be a key item on the agenda. Analysts and Chinese media reports say the meetings could see the approval of long-awaited measures aimed at giving courts more independence and include steps to enhance an already aggressive and high-reaching anti-corruption drive. VOA’s Bill Ide has more from Beijing.
Video

Video After Decades of Pressure, Luxembourg Drops Bank Secrecy Rules

European Union finance ministers have reached a breakthrough agreement that will make it more difficult for tax cheats to hide their money. The new legislation, which had been blocked for years by countries with a reputation as tax havens, was approved last week after Luxembourg and Austria agreed to lift their vetoes. But as Mil Arcega reports, it doesn’t mean tax cheats have run out of places to keep their money hidden.
Video

Video Kobani Refugees Welcome, Turkey Criticizes, US Airdrop

Residents of Kobani in northern Syria have welcomed the airdrop of weapons, ammunition and medicine to Kurdish militia who are resisting the seizure of their city by Islamic State militants. The Turkish government, however, has criticized the operation. VOA’s Scott Bobb reports from southeastern Turkey, across the border from Kobani.

All About America

AppleAndroid