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S Korea pays Iran $ 18 million in frozen UN funds Politics News

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Tehran hoped to regain the vote at the UN General Assembly after Seoul paid $ 18 million in fees, using frozen Iranian funds due to U.S. sanctions.

Iran hopes to regain a vote at the UN General Assembly South Korea has paid the fees paid by Tehran to the world organization by freezing Iranian funds in the country, Seoul says.

Sunday’s announcement echoed Iran’s similar situation He regained the UN’s right to vote After getting paid for his arrears in June 2021.

Earlier this month, however, he announced that there were US sanctions it hindered his ability to pay for the second year in a row.

The release of frozen funds in Iran requires the approval of the US, which has joined European allies this week, saying it is only a matter of weeks before Iran’s 2015 nuclear deal is saved.

In 2018, then-President Donald Trump removed Washington from the deal, Reinstating a series of US sanctions. Iran backtracked on the agreement, which complied with many of its nuclear restrictions.

Seoul “on Friday ended its payment of about $ 18 million in UN fees through frozen funds in South Korea’s Iran, actively cooperating with agencies such as the U.S. Treasury Office and the United Nations Secretariat,” the finance ministry said. in a statement.

“Iran is expected to immediately regain its right to vote in the General Assembly with the payment,” the ministry added.

The UN office in Seoul was unable to comment outside of business hours.

Iran urged South Korea last week to help pay the UN contribution with frozen funds over concerns about the loss of the right to vote in the 193-member General Assembly, the South Korean ministry said.

Tehran has repeatedly called for the release of about $ 7 billion from frozen funds in South Korean banks under US sanctions, saying Seoul had “kidnapped” the money.

A South Korean Finance Ministry official does not mean that How much of Iran’s frozen funds is left Following this payment of UN fees and another release last year, citing confidentiality laws.



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