Saturday, September 30, 2023

White House: There will be restrictions on any unfrozen Iranian funds

WASHINGTON, Aug 11 (Reuters) – 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 input from the U.S. Treasury Department.” …