Iran recovers 13 tonnes of sanctions-hit gold

TEHRAN - Agence France-Presse

In this April 27, 2015 file-pool photo, Secretary of State John Kerry meets with Iran's Foreign Minister Mohammad Javad Zarif in New York. AP Photo

Iran said July 1 it has recovered part of its gold reserves frozen under international sanctions after an accord sealed on the sidelines of nuclear negotiations with world powers.

Central bank chief Valiollah Seif, quoted by state news agency IRNA, said the accord covers the repatriation of a total of 13 tonnes of gold blocked in South Africa for the past two years.
 
Three consignments had been returned to the central bank since the start of the week, the governor said, adding that the last was the delivery of four tonnes on June 30 night.
 
He said the gold was purchased earlier and kept in South Africa but could not be transferred to Iran because of sanctions.
 
The operation was the result of a compromise struck on the sidelines of Iran's negotiations in Vienna on its disputed nuclear programme. The two sides have set a new target date of July 7 for a final accord.
 
According to Washington, around $100 billion of Iranian assets have been frozen across the world under sanctions over its nuclear programme and also for its alleged support of anti-Israeli groups classified as terrorist organisations.