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"Iran has frozen assets worth $20 billion in China, $7 billion in India, nearly $6 billion in Iraq, $6 billion in Qatar and $1.5 billion in Japan: Report"
Are these figures accurate?
Yes, according to recent reports, these figures are accurate. The distribution of Iran’s frozen/blocked funds across different countries is reported as follows:
- China: at least $20 billion
- India: about $7 billion
- Iraq: $6 billion
- Qatar: $6 billion
- Japan: about $1.5 billion
In addition, ∼$2 billion is blocked in the US and $1.6 billion in the European Union. Experts estimate that Iran has more than $100 billion in frozen assets worldwide in total.
Why are these assets frozen?
Most of this money came from Iran’s oil sales, but it was blocked in banks across different countries after the US reimposed sanctions on Iran in 2018. Iranian funds have been periodically frozen since the 1979 revolution, when US-Iran relations were severed.
Latest situation
1. Qatar: The US recently agreed to release $6 billion held in Qatar for Iran. This money was transferred from South Korea to Qatar in 2023 under a prisoner swap deal.
2. Iraq: Iraq has assured Iran that it will help Iran access its $10 billion in assets so Iran can import goods.
3. US: The US and Iran are discussing releasing $20 billion in frozen Iranian assets in exchange for Iran relinquishing its stockpile of enriched uranium.
Iran now sees the return of these assets as its only way to save the economy, as the country is suffering under sanctions and rampant inflation.

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