Iranian Deputy Foreign Minister Kazem Gharibabadi said Wednesday that Tehran would use some of its frozen assets in Qatar to purchase goods needed by the country following talks in Doha. Under the memorandum of understanding that halted the war between Iran and the United States, Washington agreed to make available Iran’s frozen or restricted assets as part of the agreement’s implementation.
It remains unclear how the mechanism for releasing and using the funds would work, or when it would take effect.
“During the meetings with Qatari officials, including the Central Bank, a number of issues related to the expenditure of part of the initial six billion dollars were reviewed,” Gharibabadi said, according to the IRNA state news agency.
“It was agreed that, based on the needs communicated by our country, the required goods would be purchased and made available to Iran.”
The amount Gharibabadi mentioned refers to part of Iranian oil revenues transferred from South Korea to restricted accounts in Qatar since 2023. He also suggested the money would be used to purchase US goods, including agricultural products such as soybeans.
