ECONOMY   Banks  

Top Banker: Iran May Get Part of Frozen Assets

A portion of Iran’s frozen financial assets will likely be freed for the purchase of medicine and basic commodities, the governor of the Central Bank of Iran said.

In comments on the sidelines of a Wednesday session of the Cabinet, Abdolnaser Hemmati raised the possibility that a part of the country’s frozen assets will be unblocked following the efforts made by the Ministry of Foreign Affairs and the Central Bank of Iran.

“Those assets had been frozen in other counties under pressure from the US government. According to the news we have received, these resources will probably be unfrozen,” Hemmati added.

He also expressed hope that the freed assets could be used to purchase basic commodities, medicine, medical equipment and the pressing needs of people.

“We have assigned the Central Bank experts to make sure that the resources being freed gradually will be spent on public welfare,” the CBI governor said.

In the cabinet session in the morning, President Hassan Rouhani said a plan would be under debate in the United Nations Security Council for lifting all of the sanctions against Iran because of the coronavirus outbreak.

“We are also trying to have our blocked money unfrozen,” Rouhani said.

News No: 8870
Date: 2020/03/25 - 18:53
News Source: Tasnim News Agency

Banker  Frozen  CBI  coronavirus  Abdolnaser Hemmati 


Leave a Comment:


Coronavirus uncertainty delays Japan copper asset sales

Japanese metals producers Mitsubishi Materials (MMC) and Kobe Steel (Kobelco) have agreed to delay their plan to transfer copper tube production assets to an investment fund, citing uncertainty caused by the coronavirus epidemic.

Vietnam industries to remain open amid curbs

Several coal-consuming industries are likely to remain operational in Vietnam along with the power stations even as the government intensifies efforts to contain the coronavirus outbreak. But health-related precautions may result in labour challenges.

Indonesian coal producers consider output cuts

A number of Indonesian coal mining firms are considering cutting production amid expectations that Asia-Pacific demand will be heavily affected by the coronavirus pandemic.

Floating storage bookings continue to rise globally

As many as 25 very large crude carriers (VLCCs) were booked for floating storage during 1 February-30 March, according to shipping data obtained by Argus, as crude demand and prices plummet from a combination of the Opec+ battle for market share and the coronavirus pandemic.

Petrobras cuts Brazil oil production by 9pc

Brazil's state-controlled Petrobras has doubled production cuts to 200,000 b/d in response to the oil price collapse.

Coronavirus: Hydro cuts production at several extrusion sites

Hydro said the Coronavirus situation continues to weigh on the company’s markets and operations. This affects production at several extrusion sites, mainly in Europe. Around 35 percent of the sites running at reduced levels and around 20 percent either closed or running at very low levels.
Upcoming Events
 Mines & Metals

Mine & Business Today

 Scrap & Recycling


Our partners