Iran's Ministry of Foreign Affairs spokesman Nasser Kanaani

Iran Claims $6 Billion Frozen Funds Still Being Released By Qatar

Monday, 12/04/2023

Iran's Ministry of Foreign Affairs claims that the $6 billion in resources released by the United States in Qatar are accessible to Iran in spite of calls from Washington to withhold it.

Nasser Kanaani said Monday that “the country has the freedom to utilize the funds based on its needs", in response to the approval of a bill in the US Congress aimed at blocking Iran's assets in Qatar.

Kanaani said, "The bill necessitates approval from the US Senate and the President of the United States to become operational. The US government, bound by its international commitments and agreements with Iran concerning the released financial resources involving third-party countries, is obligated and committed. We have secured necessary assurances in this regard."

On Thursday, the US House of Representatives passed a bipartisan measure titled the "No Funds for Iranian Terrorism Act." The measure aims to prevent Iran from accessing the $6 billion recently transferred by the US in a prisoner swap. Republicans pushed for the step in response to Iran's alleged involvement in the Hamas attacks on Israel on October 7, which triggered the worst conflict in Gaza since the Iran-backed group took control in 2007. 

The tentative agreement between the US and Iran in August led to the release of five detained Americans in Tehran and an undisclosed number of Iranians imprisoned in the US. The agreement involved the transfer of billions of dollars in frozen Iranian assets from banks in South Korea to Qatar. However, following the Hamas attack, the US and Qatar agreed to restrict Iran's access to the funds, stopping short of a complete refreeze.

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