UAE Ministry of Foreign Affairs has strongly denied reports alleging that the Gulf nation agreed to release up to $20 billion in frozen funds to Iran. In an official statement, the ministry labeled the allegations “entirely false and unfounded,” emphasizing that no Iranian funds have been released, transferred, or facilitated through the UAE banking system.
UAE Denies Releasing USD 20 Billion to Iran, Calls Reports of Fund Transfer ‘Entirely False’
Source: Latestly
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