The United Arab Emirates has agreed to unfreeze billions of dollars for Iran. Four informed sources told Reuters about this.
According to the agency, two sources in the Middle East said that the UAE will allocate $10 billion to the Islamic Republic. At the same time, two other sources claim that we are talking about an amount of $20 billion that will be unfrozen as a condition for stopping Iranian attacks.
One of the sources added that the first tranche of $3 billion has already been transferred to Iran. Reuters notes that at the moment it is unknown whether we are talking about Iranian funds that were previously blocked in accounts in the UAE, or whether these are the emirates’ own funds.
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