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Iran receives $450m from frozen funds in US

April 19, 2014 2:05 am

The US Treasury has released $450m of frozen funds to Iran, following the International Atomic Energy Agency’s (IAEA) confirmation that the Islamic Republic has diluted 20% of its enriched uranium, Kuna has reported. According to the Joint Plan of Action, agreed to by Iran and the UN Security Council countries with Germany (P5+1), half of the enriched uranium must be diluted, and the other half converted. “All sides have kept the commitments made in the Joint Plan of Action, as Iran remains in line with its commitments under the JPOA,” said State Department Deputy Spokesperson Marie Harf.