The United Arab Emirates has agreed to unlock billions of dollars for Iran, pursuing a tactical shift after weeks of Iranian attacks on the wealthy Gulf Arab state amid its ongoing war with the United States and Israel, four sources told the Reuters news agency.

The exclusive report on the move coincided with the final stages of broader negotiations between Tehran and Washington to end the war. Diplomats say those talks involve the release of tens of billions of dollars in Iranian oil revenues frozen in foreign banks under US sanctions.

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Source: https://www.aljazeera.com/news/2026/6/12/uae-to-unlock-frozen-iranian-funds-amid-us-ceasefire-push?fbclid=IwY2xjawSmTolleHRuA2FlbQIxMQBzcnRjBmFwcF9pZBAyMjIwMzkxNzg4MjAwODkyAAEeIiZar6ioLtDv7lRGWR__QCTf17BvwGE-C1c_1c19RSLuxxvfOLMAJ5EPduE_aem_A0rWNS_3f-KNzhK5hgb5GA

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“Russia must pay for its war damages,” Czech Republic Minister of Foreign Affairs Jan Lipavský said as he shared the monetary amount on X.

The European Council approved sending the money to Ukraine on Tuesday, roughly two months after reaching a consensus on using revenue from hundreds of billions of dollars’ worth of assets immobilized after Russia launched a full-scale war on its neighbor in February of 2022.

In response to the action, Kirill Logvinov, who heads Russia’s permanent mission to the EU, alleged that the EU Council had “officially elevated theft to the rank of instruments of its foreign policy.”

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Source: https://www.npr.org/2024/05/22/1252872978/russia-assets-aid-ukraine-eu-war-sanctions

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