Foreign Minister Mohammad Javad Zarif has called on South Korea to redouble efforts to secure Iran’s access to its assets blocked in the East Asian country’s banks due to illegal US sanctions.
Governor of the Central Bank of Iran (CBI) Abdolnaser Hemmati said the country reserves the right to take legal action against the freeze of its funds in South Korea.
President Hassan Rouhani lauded the agreements with South Korea, Japan, Iraq and Oman to unfreeze Iranian funds as an omen of the Islamic Republic’s victory against the economic war.
The Central Bank of Iran said it has reached an agreement with South Korea on the release of frozen Iranian assets in the East Asian country.
South Korean President Moon Jae-in and his new American counterpart, Joe Biden, have agreed to draw up a joint "comprehensive" strategy on North Korea and closely cooperate to bring about the denuclearization of the country.
Iran has given permission to the crew members of a South Korean vessel it detained last month for environmental pollution to leave the country in a humanitarian gesture.
Central Bank of Iran (CBI) Governor Abdolnasser Hemmati says the country expects South Korean banks holding some $7 billion in Iranian funds to pay damages because of their failure in the past two years to release the resources amid constant pressure by the United States.
South Korea has moved its naval unit operating near the Strait of Hormuz away from the waterway "to foster a positive mood" ahead of negotiations with Iran over a detained oil tanker, Yonhap news agency reports.
Foreign Ministry spokesman has rejected rumors about the possible release of a South Korean-flagged tanker that was seized in the Persian Gulf waters earlier this month by the Islamic Revolution Guards Corps (IRGC)'s Navy for repetitive violation of maritime environmental law.
North Korean leader Kim Jong-un has vowed to strengthen his country’s military capabilities and nuclear arsenal, days before US President-elect Joe Biden takes office.