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US may free up frozen Iranian assets: Official

Saturday 19th October 2013 at 07:02


‘The US is considering a proposal to unfreeze billions of dollars of Iranian assets to reciprocate Iran’s confidence-building measures over its nuclear energy program, a senior administration official says.

The administration of US President Barack Obama is weighing the possibility of easing sanctions against Iran in the wake of the recent promising talks between Tehran and six major world powers in Geneva, The New York Times website on Thursday quoted an unnamed source as saying.

The official said the proposed plan, under which Washington could free up Iran’s frozen overseas assets in installments, would “avoid the political and diplomatic risks” of repealing the international sanctions on Tehran over its nuclear energy program.’

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