PNN – Qatar has presented a middle ground plan to break the financial impasse between Tehran and Washington, with the total volume of Iranian assets frozen abroad estimated at around $24 billion. The proposal, which is in line with the “Islamabad Agreement,” would provide Iran with a new $6 billion credit line in addition to the release of $6 billion from previous sources.
According to the report of Pakistan News Network; under a proposed plan, Qatar would release $6 billion in frozen Iranian assets and provide Tehran with another $6 billion in the form of a credit line.
The volume of Iranian frozen assets abroad is estimated at around $24 billion; this figure includes only frozen money and does not include property confiscated by courts or similar cases.
During the negotiations, Iran had proposed that half of these resources be released in the initial stages of negotiations and the other half in the final agreement, but this proposal was not accepted by the American side. Subsequently, to resolve the impasse, Qatar presented a plan under which $12 billion would be made available to Iran, including the release of $6 billion of Iran’s frozen assets in Qatar and another $6 billion in the form of a loan or line of credit.
In this context, during the visit of Qalibaf and Araqchi to Doha, two memorandums of understanding were initialed between Iran and Qatar, which have not yet been signed. The implementation of these understandings also depends on the finalization of the agreement between Iran and the United States within the framework of the Islamabad agreement.
According to the 2023 agreement between Iran and the United States (during the Raisi administration), $6 billion of Iran’s assets in Qatar must be spent on humanitarian affairs. It has also been stipulated that the manner in which these resources are spent will continue to be subject to the same framework as the previous agreement.
The second part of this financial package includes a $6 billion credit line that will remain with the Qatari side and Iran will determine where to spend it. However, there is no specific guarantee about ensuring access to these resources in the event of a breakdown in the agreements.
It has also been announced that $6 billion of Iran’s frozen assets in Qatar are held in the accounts of three Iranian banks with two Qatari banks, but there is no possibility of direct withdrawal from these resources. The issue of receiving profits from these resources has also been raised by Iran and is being pursued.