Thursday, February 25, 2021

South Korea will surprise Iran … The release of the frozen funds is subject to Washington’s approval


Last update: 23 – Feb – 2021 11:05 AM

After the state of optimism that prevailed in the corridors of the Iranian regime, after the President of the Central Bank of Iran, Abdel Nasser Hemmati, announced yesterday, Monday, that Tehran had agreed with the Seoul government about “how to transfer” part of the frozen Iranian assets in South Korea, and “benefit” from them in “ Specific purposes, ”South Korea made it clear that the matter is pending Washington’s approval.

The South Korean Foreign Ministry said in a statement today, Tuesday, that the frozen Iranian assets will be released after holding consultations with the United States.

The Korean Foreign Ministry’s statement came after Iran claimed that it had reached an agreement on how to transfer and use these frozen funds, according to Fars News Agency.

Reaching $ 7 billion

Hemmati announced that this agreement was made during his visit by the South Korean ambassador to Tehran, and that “South Korea was notified of the decisions of the Central Bank about the size of the resources that can be transferred and the specific banks,” while refusing to announce the size of those funds to be transferred.

The Central Bank had announced, earlier, that the Iranian funds frozen in South Korea amount to $ 7 billion.

It is reported that these funds have been frozen due to US sanctions against Tehran.

After the Revolutionary Guards seized a Korean oil tanker in Gulf waters last month, the official South Korean news agency announced that Tehran wanted to get one billion dollars of its money in South Korea.





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