Frozen assets

Iran has reportedly been allowed to access around $2 billion of its foreign assets that were frozen due to US sanctions, according to a report published in local media.

For years, Iran has been grappling with the challenge of how to repatriate its assets frozen in various countries under the US pressure.

Iranian Foreign Minister Abbas Araghchi has said that the release of the country’s frozen funds is a constant priority for the Ministry of Foreign Affairs and relevant institutions.

EghtesadOnline: South Korea is finalizing talks with the United States about using some of Iran's money frozen in Seoul under US sanctions to pay Tehran's UN dues in arrears, a South Korean Foreign Ministry official said Wednesday.

EghtesadOnline: The United States asked judges at the International Court of Justice to throw out a claim by Iran to recover $1.75 billion in national bank assets seized by American courts.

EghtesadOnline: The International Court of Justice (ICJ), the principal judicial organ of the United Nations, will hold public hearings in the case concerning Certain Iranian Assets (Islamic Republic of Iran v. United States of America), from October 8 to 12 at the Peace Palace in The Hague, the seat of the court, according to a statement on ICJ's website.