U.S. Treasury Department confirms $550mln transfer to IranFebruary 3, 2014 - 21:49 AMT PanARMENIAN.Net - The U.S. Treasury Department on Monday, Feb 3, confirmed that it has allowed the transfer of $550 million in Iran's frozen oil revenues to the country under an interim nuclear deal, according to Reuters. A U.S. Treasury spokeswoman said the transfer began Jan 31 and would be complete early this week but declined to specify which foreign banks were involved. No U.S. banks were involved in the transactions, but the United States, which has extensive sanctions on Iran tied to its disputed nuclear program, helped facilitate the transfer of funds, the spokeswoman said. The money is the first installment of $4.2 billion in blocked oil funds that were to be made available to Iran under the nuclear deal signed in November. Iran received limited sanctions relief in exchange for agreeing to curb its nuclear activities. Related links: Top stories Authorities said a total of 192 Azerbaijani troops were killed and 511 were wounded during Azerbaijan’s offensive. In 2023, the Azerbaijani government will increase the country’s defense budget by more than 1.1 billion manats ($650 million). The bill, published on Monday, is designed to "eliminate the shortcomings of an unreasonably broad interpretation of the key concept of "compatriot". The earthquake caused a temporary blackout, damaged many buildings and closed a number of rural roads. Partner news | The Power of One Dram to benefit Road of Life charity The companies inform that the May beneficiary of The Power of One Dram is the “Road of Life” charitable organization. Ucom General Director gives lecture at French University in Armenia The General Director of Ucom Ralph Yirikian delivered a lecture at the French University of Armenia. Kazakhstan welcomes Yerevan, Baku’s agreement to meet in Almaty Kassym-Jomart Tokayev has welcomed the agreement of Baku and Yerevan to hold negotiations in Almaty. Armenia offers to temporarily host, preserve Gaza manuscripts The Armenian Foreign Minister has said Yerevan is ready to help preserve manuscripts from the conflict zone in Gaza. |