PANews reported on June 6 that, according to Iran's Tasnim News Agency, Qazim Gharibabadi, Iran's Deputy Foreign Minister for Legal and International Affairs, stated that at least 50% of Iran's frozen financial assets must be immediately unfrozen should any memorandum of understanding be signed with the United States. Gharibabadi added that Tehran would only consider any draft agreement as final if "its interests and concerns were fully considered."
“Iran insists, at the very least, that 50% of these funds must be provided to Iran immediately after the signing of the memorandum of understanding,” said Gharibabadi. He added that the remaining funds should be “unfrozen within a limited period of one to two months after the agreement is signed.” Gharibabadi stated that these assets belong to Iran and have been “illegally frozen” by the United States, and that unfreezing these assets is a core requirement of any potential understanding. He indicated that the remaining details of the access to funds mechanism, including technical and financial arrangements, will be further negotiated during the 60-day implementation period following the signing of the memorandum.


