FM Calls for Iran's Rapid Access to Frozen Assets in South Korean Banks
Iranian Foreign Minister Hossein Amir Abdollahian underlined that South Korea must swiftly provide the Islamic Republic access to the funds that Seoul has been withholding from Tehran on the pretext of abiding by the US sanctions.
The Iranian foreign minister made the remarks in a telephone conversation with his South Korean counterpart Chung Eui-yong on Thursday.
Amir Abdollahian voiced Iran's strong criticism to the continued freezing of the Iranian funds at South Korea’s banks.
The top Iranian diplomat reiterated that the money should be released so the Islamic Republic in a bid that the country could use it towards buying medicine and other commodities.
"The Iranian nation is seriously displeased with the situation that has been brought about as a result of cessation of trade activities between the countries—on the back of the American economic measures—and prevention of application of the funds even towards purchase of humanitarian items," Amir Abdollahian said.
Chung, for his part, said that he was pursuing the issue of Iran’s access to the frozen funds.
He, meanwhile, expressed concern regarding the actions that the Islamic Republic has been taking concerning the Korean imports.
Iranian authorities have said on several occasions that they expect South Korea to do more on the release of nearly $8.5 billion blocked illegally at two South Korean banks under the pretext of the United States’ sanctions against the Islamic Republic.
It had been previously agreed for the funds to be used by Iran towards the purchase of humanitarian items, something that has again been prevented as a result of Korea’s commitment to honor the sanctions.
Tehran has been returning Seoul’s refusal towards cooperation by exercising restrictions on imports from South Korea.
Top News
Glencore in talks to sell Philippine copper smelting unit
Rasul Khalife Soltani, Secretary of the Iranian Steel Producers Association on the sidelines of the 1403 Steel Symposium:
Mobarakeh steel is producing green steel through scrap recycling
Norilsk Nickel plans to sell all it produces in 2025
Volkswagen buys 9.9% of Patriot Battery Metals for $48 million
India’s record gold import said to be due to calculation error
Sibanye raises $500m via metals streaming deal with Franco-Nevada
Norge Mining acquires Europe’s largest natural graphite producer
Aluminum price falls to one-month low in wider commodity slump
Skeena advances Eskay Creek permitting, unlocks Orion funding
Lure of Anglo’s copper mines could test BHP’s spending resolve
Copper giant Peru foresees another production plateau in 2025
Iron ore price weakens as Australia flags return to sub-$100 prices
Nickel price hits 4-year low as gloom offsets potential Indonesia cuts
Mercuria partners with Zambia on metals trading venture
Sibanye raises $500m via metals streaming deal with Franco-Nevada
Triple Flag to acquire royalty on Tres Quebradas lithium project
Volkswagen buys 9.9% of Patriot Battery Metals for $48 million
Aluminum price falls to one-month low in wider commodity slump
India’s record gold import said to be due to calculation error
Lure of Anglo’s copper mines could test BHP’s spending resolve
Iron ore price weakens as Australia flags return to sub-$100 prices
Nickel price hits 4-year low as gloom offsets potential Indonesia cuts
Sibanye raises $500m via metals streaming deal with Franco-Nevada
Triple Flag to acquire royalty on Tres Quebradas lithium project
Volkswagen buys 9.9% of Patriot Battery Metals for $48 million
Aluminum price falls to one-month low in wider commodity slump
India’s record gold import said to be due to calculation error
Glencore in talks to sell Philippine copper smelting unit
