Tehran: $25 billion in frozen Iranian assets will be fully released in stages

Iran’s Vice President for Executive Affairs announced on Saturday that an estimated $25 billion of the country’s frozen foreign assets would be released gradually and in full under understandings linked to a mechanism agreed upon between Tehran and Washington.

Speaking to Iran’s state-run IRNA news agency, Mohammad Jafar Ghaempanah said the assets would be released in phases, allowing the funds to be directed toward development programs and infrastructure projects across the country.

He added that the recent visit by the speaker of Iran’s parliament and members of the negotiating team to Qatar was aimed at discussing and finalizing implementation mechanisms related to the release of the frozen assets.

Ghaempanah said that improving political conditions and a reduction in the likelihood of escalation would help ease economic pressures on Iranian citizens.

The Iranian official also noted that the government plans to allocate the released funds to strategic projects, including the development of roads, transport corridors, and airports, with the aim of boosting economic growth and improving public services nationwide.