Baku, Azerbaijan, Sept. 6
By Fatih Karimov - Trend: Just $20 billion of Iranian assets which have been blocked overseas as a result of sanctions is useable for the Iranian government.
The Head of Iran's Auditing Organization Ali Akbar Soheilipour said that all the blocked assets will not be useable for the government, Iran's Fars news agency reported on September 6.
Twenty percent of the government's blocked assets will be deposited to the National Development Fund, he noted.
"Some state-run companies own assets which have been blocked. The assets are partly belonged to the government and partly to the Central Bank."
Iranian Central Bank Governor Valiollah Seif has put Iran's frozen assets abroad at $29 billion.
He added that $23 billion of the Central Bank's assets are blocked in Japan, South Korea, and the United Arab Emirates, and $6 billion of petrodollars are blocked in India.
A final agreement was reached on Iran's disputed nuclear program in the Austrian city of Vienna on July 14 after some 22 months of talks between Iran and the P5+1 (five permanent members of the UN Security Council plus Germany. The sanctions are expected to be removed following the deal.