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US releases $450 million of frozen Iranian funds after IAEA report

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17-04-2014 | 14:00

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US releases $450 million of frozen Iranian funds after IAEA report

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The United States has taken steps to release a $450 million installment of frozen Iranian funds following a report from the International Atomic Energy Agency (IAEA) verifying that Iran is living up to its part of a landmark nuclear pact with world powers, the U.S. State Department said on Thursday.

State Department spokeswoman Marie Harf said that "all sides have kept the commitments made" under the agreement. She said that "as Iran remains in line with its commitments," the United States, France, Germany, Britain, China, Russia and the European Union "will continue to uphold our commitments as well."

Iran is complying with the terms of last year's landmark nuclear agreement with six world powers, a monthly update from the UN atomic agency obtained by Reuters showed earlier on Thursday.

Under the deal that took effect on Jan. 20, Iran curbed some parts of its nuclear program in exchange for a limited easing of sanctions that have battered the oil producer's economy.

REUTERS

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