UAE Denies Releasing Frozen Funds to Iran
The United Arab Emirates denied a Reuters report that it had transferred frozen money to Iran. In a statement, the UAE said, "No frozen funds were released and no funds were transferred from the UAE or through it."
The denial came after Reuters cited two sources saying the UAE would release $10 billion to the Islamic Republic. Other sources put the figure at about $20 billion, describing the money as part of a deal that would be unfrozen in exchange for ending Iranian attacks.
One source said an initial tranche of $3 billion had already become available to Iran. The UAE rejection directly contradicted those accounts, but the article did not say whether any formal agreement exists or what further steps, if any, will follow.
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