UAE Rejects Reports of Transferring Billions in Frozen Funds to Iran

The UAE Ministry of Foreign Affairs (MoFA) has officially denied reports claiming the transfer of billions of dollars in frozen funds to Iran. In a statement addressing recent media speculation, the ministry dismissed the allegations as completely unfounded, asserting that no such financial transactions have taken place. Ministry Dismisses Media Allegations The denial follows reports suggesting that the UAE had facilitated the release of Iranian assets as part of secretive diplomatic negotiations. These claims alleged that the funds, which remain subject to international sanctions, were moved through back-channel agreements to Tehran. UAE officials have characterized these reports as inaccurate and lacking any factual basis. International sanctions, primarily led by the United States, have frozen billions of dollars in Iranian oil revenue and assets across various global jurisdictions. The UAE has consistently maintained that it operates within the framework of international law and adheres to global financial regulations regarding sanctioned entities and assets. Adherence to Financial Regulations The UAE remains a critical hub for international trade and finance, necessitating…