10 Nov 2024
Friday 28 April 2023 - 16:10
Story Code : 405785

'Iran can use frozen funds in South Korea for humanitarian goals'

A spokesman for the United States National Security Council has reportedly claimed that Iran can use $7 billionworth of its blocked funds in South Korea to buy humanitarian items.

The spokesman, whose name was not mentioned, told Voice of America on Wednesday that the funds are being held in a restricted account that is accessible for humanitarian trade.

Washington was open to recommendations by Seoul and others to ensure that the funds could be used, including through transfers to other trusted banks and in similar restricted accounts, for humanitarian purposes, he said.

However, he added, there is currently no updated information or a new program in this regard.


The VOA, with an exclusive news release, quoted a spokesperson of the#UnitedStates' National Security Council and announced:
"#Irancan use seven billion dollars of its blocked money in#SouthKoreato buy humanitarian items."



nournewsen (@nournewsen)April 27, 2023

The remarks coincided with a visit by South Korean President Yoon Suk-yeolto the US.

Recently, IransNournews,affiliatedwith the countrys Supreme National Security Council (SNSC),reported indirect talksover the unfreezing of the latters funds blocked in South Korea allegedly because of American anti-Iran sanctions.

The report said that an initial agreement had been reached to transfer the Iranian money to one or more banks in regional countries.

South Korea was the third largest customer of Iranian crude oil and the number one buyer of Iranian condensate before 2018, when a former administration in the United States pulled out of the 2015 nuclear deal and imposed sanctions on Iran.

Since then, the country has refused to repatriate the funds it owes Iran for energy imports due to fears of US penalties on its economy.

By Press TV
https://theiranproject.com/vdcivwa5wt1auy2.ilct.html
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