Foreign ministry rejects claims that billions of dollars were transferred to Iran, calling the reports “false and unfounded.
Image: Middle East Eye
The United Arab Emirates has strongly denied reports that it agreed to release billions of dollars in frozen assets to Iran.
In a statement issued on Saturday, the UAE Foreign Ministry said claims that Iranian funds had been released, transferred, or facilitated through the UAE were “entirely false and unfounded.” The ministry specifically rejected reports involving transfers of up to $20 billion, including an alleged initial payment of $3 billion.
The denial followed a report by Reuters, which cited unnamed sources claiming the UAE had agreed to unlock billions of dollars for Iran as part of efforts to reduce tensions after recent regional conflict.
According to the report, some sources alleged that between $10 billion and $20 billion could be involved, with part of the funds already released. However, Reuters said it could not independently verify the claims or determine the source of the money.
The UAE reiterated that its foreign policy focuses on de-escalation, regional stability, and peace. Officials said the country supports diplomatic efforts aimed at reducing conflict across the region.
Meanwhile, there has been no immediate official response from Iranian authorities regarding the reports.
The issue comes amid broader discussions between United States and Iran concerning regional security, sanctions, and access to Iranian assets frozen abroad. However, no agreement involving the UAE has been publicly confirmed.
