Iranians Insist They Will Have Full Control Over Any Released Funds
Mohammad Marandi, a regime insider in Iran, says that Tehran will have full access to its funds when they are released from South Korea following a hostage deal.
Mohammad Marandi, a regime insider in Iran, says that Tehran will have full access to its funds when they are released from South Korea following a hostage deal.
It was confirmed on Thursday that five American hostages in Iran were released from prison and put under house arrest, pending the release of $6 billion of Iranian funds held in South Korea due to US sanctions.
Marandi, who was part of Iran’s nuclear negotiating team in Vienna in 2021-2022 tweeted that “Iran will have full and direct access to its released assets, there will be no Qatari companies involved, Iranian banks will have full control, and they can purchase goods and services without any limitation or restriction.”
United States officials have insisted that any frozen funds released from Iraq or South Korea can only be disbursed by US supervision for humanitarian purchases by Iran. The New York Times quoted sources on Thursday that Qatar’s Central Bank might become the repository of Iran’s funds, but the scheme for supervising its expenditure remains unclear.
Iran’s foreign ministry said in a statement on Friday that “The Islamic Republic will decide how to use the released funds, and these funds will be appropriated for the various needs of the country by the appropriate authorities.”
Critics say that the funds would boost the Iranian regime's finances, whether released in cash or with restrictions. If Iran can import food with the funds, it will use its own oil income for its military or malign activities.
Chief of Iran’s central bank visited Qatar in June, in what was interpreted at the time as a trip to begin coordination regarding any possible funds being released from Iraq or South Korea.
Iranian sources told the media that the deal would unfreeze $6 billion in Iranian funds in South Korea and some Iranians from US prisons.
"We are relieved to learn that Iranian authorities have released five US citizens -- Siamak Namazi, Morad Tahbaz, Emad Sharghi, and two individuals who at this time wish to remain private -- from prison to house arrest, State Department spokesperson Matt Miller told the media.
“We are in touch with the families of US citizens involved, and we continue to monitor these individuals’ health and welfare closely. While we welcome the news of these individuals’ release from prison to house arrest, they should never have been imprisoned in the first place. We continue to work diligently to bring these individuals home to their loved ones.They must be allowed to depart Iran and reunite with their loved ones as soon as possible," Miller added.
Allowing the five to leave Iran could take weeks, Reuters said, while it is not clear if all the details of releasing the funds held in South Korea have been agreed or not.
"The move by Iran of the American hostages from Evin Prison ... is an important development," Jared Genser a lawyer representing Namazi said in a statement. "While I hope this will be the first step to their ultimate release, this is at best the beginning of the end."
White House National Security Council Spokesperson Adrienne Watson confirmed that the five were all out of prison and under house arrest, saying they should never have been detained and the White House would have little more to add because talks for their eventual release "remain ongoing and are delicate."
Iran's mission to the United Nations, however, told Iranian state media the release of the dual nationals from prison was part of a US-Iranian prisoner exchange deal.
"Under the deal mediated by a third country, five Iranians jailed in the United States will be released and Iran's frozen funds in South Korea will be unblocked and transferred to Qatar," the mission said, according to state news agency IRNA.
DEPARTURE FROM IRAN COULD TAKE WEEKS
Iranian Americans, whose US citizenship is not recognized by Tehran, are often pawns for the Islamic Republic which has a long history of taking Westerners hostage to use as leverage against the United States and European governments.
The five Americans will be allowed to leave Iran after $6 billion of Iranian funds in South Korea are unfrozen, a source told Reuters. A second source familiar with the talks said it could be weeks before the US citizens leave Iran, saying September was a possible time frame. He confirmed unfreezing the funds may be part of the deal.
However, he said the funds, if transferred from the South Korean banks to another financial institution, would go from one restricted account to another and could only be used for humanitarian purposes such as buying food or medicine.
Iran's semi-official Tasnim news agency said the funds were first to be converted from the South Korean currency into Euros and then sent to an account in Qatar that Iran could access.
The potential transfer drew immediate Republican criticism that President Joe Biden, a Democrat, had effectively paid a ransom for the US citizens and that Iran using the money for humanitarian goods could free up funds for its nuclear program or to back militias in nations such as Iraq, Lebanon and Yemen.
Henry Rome, an analyst at the Washington Institute for Near East Policy, told Reuters the deal could help reduce tensions that have boiled since then US President Donald Trump, a Republican, withdrew from a 2015 nuclear deal designed to curb Iran's atomic program.
Rome described the potential release of the five as a step forward "in the broader US efforts to de-escalate tensions in the absence of a nuclear agreement" adding that the White House "wouldn't have gone through with the deal if it wasn't confident it could withstand whatever political blowback is forthcoming."
Karim Sadjadpour, a Carnegie Endowment for International Peace analyst, told Reuters that Iranian Americans should still avoid travel to Iran.
"This deal will reinforce the view of (Iran's) Revolutionary Guards that hostage taking is a lucrative practice with minimal costs," he said.
Namazi, who in 2016 was convicted of espionage-related charges the United States has rejected as baseless, has been detained by Iran for more than seven years.
Tahbaz was arrested in 2018 and sentenced to 10 years in prison for "assembly and collusion against Iran's national security" and working for the United States as a spy. Sharghi was convicted of espionage in 2020 and also sentenced to 10 years.
During a roundtable online conference hosted by The Jerusalem Center for Public Affairs, speakers gave passionate calls for a galvanization in the international fight against the dangerous military arm of the Iranian regime coupled with impassioned and insightful discourse.
Last week, Britain's home secretary Suella Braverman said Iran's Revolutionary Guard poses a serious risk to UK’s national security amid fresh evidence of its reach.
British-Iranian activist Vahid Beheshti, who was on hunger strike and camped outside London’s Foreign Office earlier this year as part of his bid to raise awareness about atrocities being committed in his homeland and to pressure Prime Minister Rishi Sunak's government to proscribe the IRGC as a terror organization spoke from his mobile phone from London. “Suella’s comment was a great big step in our objective and now I think we are not far from proscription,” he said, offering hope to the many lobbying, while intelligence revelations last week showed Iran to be the biggest threat to the UK.
Lord Stuart Polak, a vocal opposer of the Iranian regime praised Beheshti’s continued campaign and said that combined with the work of journalists in the UK, “the pressure is beginning to tell”. Stressing the need to keep the pressure on the government, he said: “We need to keep lobbying and it will happen, it is about just how long it takes.”
Mohsen Sazegara, Former Iranian Deputy Prime Minister, claimed that 90% of Iranians are ready to remove the regime. “The dominant discourse at the heart of this revolution is a call for democracy and human rights and desire to join the trend of globalization in the world,” he said, as Iranians face the worst economic crisis in decades, many pushed below the poverty line and desperate for a ray of hope.
Other key speakers came from the US, where calls come from both Republicans and Democrats to proscribe the IRGC. David Wurmser, Former Adviser on Middle East to US Vice President Dick Cheney called IRGC the “primary agent of chaos” and stressed the need to move forward with designation without considering any deals.
John Bolton, Former US Ambassador to the UN, who called Iran a “rogue state” said the biggest opportunity for pro-democratic forces in Iran will come when the 84-year-old Supreme Leader Ali Khamenei dies and there is a regime change. “This will be the point when the government is most vulnerable and most fragile and although it is a day that may appear to be remote, it could happen any day and we need to be ready for it.”
The discussion was bolstered by points from European politicians such as Giulio Terzi di Sant'Agata, former Italian Foreign Minister, who stressed that the sanctions taken against a few IRGC individuals was not enough and that “we need to continue until we have obtained our objective that IRGC are on the blacklist.” The issue of proscription has caused division in the EU, like in the UK and US, where the nuclear agenda weighs heavily on the minds of lawmakers. Agata called for all EU member states to ban the IRGC and rally against the “crimes of aggression” that the group is perpetrating at home and abroad.
Israeli Minister of Intelligence, Gila Gamliel gave opening remarks to the roundtable, titled ‘The Path to a Democratic Iran’ during which she said: “On behalf of the free world we urge our friends in the UK and EU to take a stand today for moral clarity and outlaw IRGC.”
She said the 88 million Iranian people were being held hostage to terror and torture and that the international community must give Iranians support to see a way for solutions towards freedom and democracy. “The people of Israel stand firmly with the people of Iran and time is of the essence,” she said.
