Tehran says Iraq to release $125 million of frozen funds for vaccines
- Date: 31-May-2021
- Source: Arab Weekly
- Sector:Financial Markets
- Country:Middle East
Tehran says Iraq to release $125 million of frozen funds for vaccines
DUBAI – Iraq has agreed to transfer $125 million of frozen Iranian funds to a European bank for the purchase of 16 million COVID-19 vaccine doses, Iranian Energy Minister Reza Ardakanian was quoted as saying by state media on Saturday.
Iran, the hardest hit Middle Eastern country by COVID-19, has complained that US sanctions were preventing it from making payments to buy vaccines.
Ardakanian said the payments would go towards the purchase of vaccines from the World Health Organisation-sponsored global COVAX vaccine-sharing plan, state news agency IRNA reported.
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