Iran expects next payment under nuclear deal, confirming compliance

By REUTERS
April 16, 2014 13:03

 
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VIENNA - Iran expects to get a fifth installment this week of previously blocked overseas funds, a senior official was quoted as saying, a payment that would confirm Iranian compliance with a landmark deal with world powers to curb its nuclear program.

Under last year's interim agreement that took effect on Jan. 20, Iran will receive a total of $4.2 billion of such funds in eight payments over six months, if it lives up to its part of the accord aimed at allaying fears about its atomic aims.

It says it has already received four transfers in February and March, totaling some $2.1 billion. A fifth payment of $450 million was due on April 15, contingent on Iran having diluted half of its most sensitive stockpile of nuclear materials. Diplomats say Iran is meeting its commitments under the accord.

Deputy Foreign Minister Majid Takht-Ravanchi told the official IRNA news agency on Tuesday that the latest installment "was to be freed today", without giving details. Takht-Ravanchi is a senior member of Iran's nuclear negotiating team. The English-language IRNA report was dated April 16.

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