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Iraq unfreezes $125 mn of Iranian assets to pay for vaccine

 
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05/29/2021 03:00 PM

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Iraq unfreezes $125 mn of Iranian assets to pay for vaccine
The Iranian Energy Minister Reza Ardakanian said on Saturday that through continued efforts the necessary permits were issued for the release of $125 million of frozen Iran's reserves, adding that the money will be transferred from Tejarat Bank of Iraq to the Swiss Bank to pay for the purchase of 16 million doses of the COVAX vaccines (a collection of vaccines approved by the World Health Organization).

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