Japan gives Iran $490 million of its frozen assets

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Iran receives fifth installment of assets blocked in Japan over its nuclear program.

Iran has received $490 million from Japan – the fifth installment of its frozen assets to have been received from the country since its assets were frozen as part of sanctions over its nuclear program, according to the Islamic Republic News Agency (IRNA).

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The fifth installment received on Tuesday brings the total returned to Iran to date to $2.45 billion, which has been transferred following a temporary agreement with the P5+1 group over the country’s nuclear program.

A total of $4.9 billion of assets are due to be sent to Iran in 10 installments following progress in the talks between Iran and the U.S., China, France, Russia, Britain and Germany, following the freezing of significant parts of Iran’s nuclear program on November 24, 2013.

The sum of money was transferred from Japan earlier on Tuesday to the Central Bank of Iran, according to IRNA.

The P5+1 group has claimed that Iran is developing nuclear weapons and wants the program curbed in return for lifting of international sanctions.

Tehran insists its nuclear program is solely for peaceful civilian purposes.

The group wants Iran to accept limits on its uranium enrichment capacity and allow International Atomic Energy Agency inspections without interference.

www.aa.com.tr/en

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