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Iran urges Japan to release billions in blocked funds amid U.S. sanctions

2021-08-23 09:50:47       source:CGTN

August 22, 2021

Iran's president, Ebrahim Raisi, called on Japan to release Iranian funds frozen in the country because of U.S. sanctions, Iranian state TV reported after the president met on Sunday with the visiting Japanese foreign minister. 

Iran has been unable to obtain tens of billions of dollars of its assets mainly from exports of oil and gas in foreign banks, including $3 billion of its funds in Japan, due to U.S. sanctions on its banking and energy sectors. The sanctions were re-imposed in 2018 after Washington abandoned Tehran's 2015 nuclear deal with six world powers. 

"The improvement of ties with Japan is of great importance for Iran ... Any delay in unblocking Iranian assets in Japanese banks is not justified," Raisi said in his meeting with Toshimitsu Motegi, who arrived in Tehran late on Sunday for a two-day visit. 

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