JAKARTA - President Donald Trump said on Wednesday that the United States had taken "a lot" of Iranian money and had to return it.
"We have taken a lot of their money, and we have their money," President Trump said at a press conference in France at the end of the G7 summit, launching Anadolu (18/6).
"It's not our money, it's their money, and we froze it at a certain point in time. I think we should return it, you know, if we don't return it, no one will ever invest in dollars again," he added.
An electronic memorandum of understanding (MOU) was signed between the US and Iran on Sunday, covering a cessation of military operations on all fronts and the reopening of the Strait of Hormuz while preparing the stage for talks on Iran's nuclear program related to the lifting of sanctions.
The US is committed, together with regional partners, to developing a "mutually agreed plan" with at least $300 billion for Iran's reconstruction and economic development, according to the agreement.
"We don't give money. Only if they do the right thing. If they do the right thing, if people want to invest, they can invest. They have this 300 billion US dollar fund. It's only if they do the right thing," said President Trump.
"Remember this too, when you talk about 'billions of dollars,' they have suffered losses that are far greater than a trillion dollars," he added.
Regarding the possibility of lifting sanctions on Iran, President Trump said "something will happen immediately after they behave well."
The 14-point Memorandum of Understanding (MoU) released by the US states that Washington pledges to end "all types of sanctions" against Iran, including UN Security Council resolutions, IAEA Board of Governors resolutions (International Atomic Energy Agency), and all US unilateral sanctions, both primary and secondary, according to a schedule agreed as part of the final agreement.
The signing ceremony is scheduled for Friday in Switzerland. On Wednesday, US President Donald Trump and Iranian President Masoud Pezeshkian reportedly signed the memorandum of understanding in English and Farsi, as reported by CNN, IRNA and IRIB.
The following is the 14-point memorandum of understanding between the United States and Iran.
1. The United States and the Islamic Republic of Iran, and their allies in the current war, by signing this MoU, declare an immediate and permanent cessation of military operations on all fronts, including in Lebanon, and pledge from now on not to initiate any war or military operations against each other, and to refrain from threats or use of force against each other and ensure the territorial integrity and sovereignty of Lebanon. The final agreement will confirm the permanent cessation of war on all fronts, including in Lebanon and other provisions of this paragraph.
2. The United States and the Islamic Republic of Iran pledge to respect each other's sovereignty and territorial integrity, and to refrain from interfering in each other's internal affairs.
3. The United States and the Islamic Republic of Iran commit to negotiate and reach a final agreement within a maximum of 60 days, which may be extended by mutual agreement.
4. Immediately after the signing of this MoU, the United States will begin to lift its naval blockade and all interference or obstacles against the Islamic Republic of Iran, and will completely end the naval blockade within 30 days. During this period, ship traffic will be comparable to the pre-war traffic volume restored by the Islamic Republic of Iran. The United States further pledges to withdraw its forces from near the Islamic Republic of Iran within 30 days of the final agreement.
5. After the signing of this MoU, the Islamic Republic of Iran will make arrangements with its best efforts to ensure a safe passage for commercial vessels without cost for 60 days only from the Persian Gulf to the Oman Sea and vice versa. Commercial ship traffic will begin immediately, and taking into account the need to remove technical and military obstacles and mine clearance by the Islamic Republic of Iran will be carried out within 30 days. The Islamic Republic of Iran will conduct a dialogue with the Sultanate of Oman to determine the future maritime administration and services in the Strait of Hormuz, in discussions with other Gulf coastal states in accordance with applicable international law and the sovereign rights of the coastal states of the Strait of Hormuz.
6. The United States is committed to working with regional partners to develop a mutually agreed-upon definitive plan with at least 300 billion US dollars for the reconstruction and economic development of the Islamic Republic of Iran. The mechanism for implementing this plan will be finalized as part of the final agreement within 60 days. All licenses, exemptions, and permits required for related financial transactions will be provided by the United States.
7. The United States pledges to terminate all types of sanctions against the Islamic Republic of Iran, including UN Security Council resolutions, IAEA Board of Governors resolutions, and all US unilateral sanctions, both primary and secondary, in accordance with the agreed schedule as part of the final agreement. The Islamic Republic of Iran and the United States recognize the importance of the issue of termination of the above-mentioned sanctions and express their intention to immediately discuss these issues in negotiations to reach a common agreement.
8. The Islamic Republic of Iran reaffirms that it will not acquire or develop nuclear weapons. The United States and the Islamic Republic of Iran have agreed to complete the disposal of stored enriched material in accordance with a mutually agreed mechanism in accordance with the schedule mentioned in paragraph seven, with a minimum methodology in the form of on-site mixing under the supervision of the IAEA. Both parties also agreed to discuss enrichment issues and other mutually agreed matters related to the nuclear needs of the Islamic Republic of Iran, based on a satisfactory framework agreed in the final agreement. The final agreement will confirm the provisions of this paragraph. The United States and the Islamic Republic of Iran recognize the importance of the above-mentioned nuclear issues and express their intention to immediately discuss these issues in negotiations to reach a mutual agreement.
9. Sambul waiting for a final agreement, the United States and the Islamic Republic of Iran agreed to maintain the status quo. The Islamic Republic of Iran will maintain the status quo of its current nuclear program, and the United States will not impose new sanctions and will not deploy additional troops in the region.
10. The United States promises that immediately after the signing of this MoU, and until the lifting of sanctions, the US Department of the Treasury will issue an exemption for the export of Iranian crude oil, petroleum products and derivatives, as well as all related services, including banking transactions, insurance, transportation, etc.
11. The United States pledges to fully provide funds and assets of the Islamic Republic of Iran that are frozen or restricted for use. After the implementation of this MOU, the United States and the Islamic Republic of Iran will mutually agree on procedures related to the release of these funds during negotiations. The funds, whether deposited in the original account or transferred, will be fully usable for payments to the final beneficiaries designated by the Central Bank of the Islamic Republic of Iran. The United States pledges to issue all necessary licenses and authorizations.
12. The United States and the Islamic Republic of Iran agree that an executive mechanism will be established to monitor the success of the implementation of this Memorandum of Understanding and future compliance with the final agreement.
13. After the signing of this Memorandum of Understanding and subject to the commencement of implementation of paragraphs 1, 4, 5, 10, and 11 of this Memorandum of Understanding, and the continued implementation of such measures, the United States and the Islamic Republic of Iran will begin negotiations on a final agreement exclusively on the other paragraphs.
14. The final agreement will be ratified by a binding UN Security Council resolution.
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