“Two of the Iranian citizens released in America will return to [Iran], and another person will travel to another country due to the presence of their family, and the other two people will remain in the United States,” Kanaani told reporters, according to Iranian state media.
Also Monday, the $6 billion in Iranian funds previously held in South Korea arrived in Qatari banks, according to Kanaani. The move is a key condition of the swap.
U.S. advances deal with Iran to swap prisoners, free frozen oil funds
The deal, negotiated over several months, marks a major breakthrough for the bitter foes, who remain at odds over a range of issues, including the rapid expansion of Tehran’s nuclear program, its ongoing military support for Russia and Iran’s harsh crackdown on internal dissent.
The prisoners’ release has also come under harsh criticism from Republicans in Congress opposed to any agreement that involves the unfreezing of Iranian funds. Though the money may be used only for the purchase of humanitarian goods under the agreement, Republicans argue that the Biden administration should have negotiated a deal with more favorable terms for the United States.
The $6 billion had been held in South Korea, one of Iran’s largest oil customers, as a result of a waiver issued by the Trump administration in 2018 that permitted Seoul to continue purchasing Iran’s oil. Those funds became stuck in 2019 when the Trump administration tightened sanctions on Iran.
Over the past week, in preparation for the deal to be finalized, those funds were converted from Korean currency to euros before being moved to accounts in Qatar that can be used only for the purchase of non-sanctioned goods, like food and medicine. U.S. officials say they will continue to have oversight of the money to ensure it is not being used for nefarious purposes.
Before the prisoner deal, the Biden administration’s relations with Tehran were marked by deep distrust, largely over the failure to revive a nuclear deal that Biden had promised to renew when he ran for president. Tehran has refused to talk directly with Washington, requiring third parties to broker discussions.
The United States’ European allies, which broadly support a revised deal to restrain Tehran’s nuclear program, hope that progress on detainees will pave the way for more productive nuclear discussions.
Iran’s nuclear program has expanded significantly following the decision by President Donald Trump to pull the United States out of the 2015 nuclear deal. The accord, forged by the Obama administration, imposed strict limitations on Iran’s program in exchange for sanctions relief.