Iran to get fifth installment of frozen assets next week

Tehran, April 12, IRNA – Iran is to get fifth installment of its frozen assets next week, Foreign Ministry official Hamid Baeedinejad said on Friday. Talking to IRNA, the foreign ministry Director General for Political and International Affairs said Tehran can use the released assets to buy essential goods, drugs and agricultural products. He said Iran will discuss the students fees as well as treatment costs of Iranian patenties abroad with the G5+1 experts in the next round of talks on May 13. It was also agreed during the recent expert level talks (April 8-9) that Tehran send its airplane engines to Europe, he underlined. The Iranian top nuclear negotiator noted that G5+1 experts lauded Tehran cooperation on the execution of interim nuclear deal. Following the implementation of a nuclear deal between the Islamic Republic and the six world powers, Tehran has received four installment of its USD 4.2-billion funds previously blocked overseas. Iran and the six major world powers – Russia, China, the US, France, Britain and Germany -- inked a nuclear accord in the Swiss city of Geneva on November 24, 2013. The two sides have agreed to start implementing the agreement as of January 20. Under the Geneva accord, the six countries agreed to lift some of the existing sanctions against Iran in exchange for Tehran’s confidence-building measure to limit certain aspects of its nuclear activities for a six-month period.