S.Korea says Iran to regain UN vote after delinquent dues paid with frozen funds

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SEOUL (Reuters) – Iran is predicted to regain its vote within the U.N. General Assembly after South Korea paid Tehran’s delinquent dues to the world physique with frozen Iranian funds within the nation, South Korea mentioned on Sunday.

Iran had regained https://www.reuters.com/world/asia-pacific/iran-regains-un-vote-after-us-enables-un-payment-2021-06-11 its U.N. voting rights in June after the same cost, however mentioned this month it had misplaced https://en.irna.ir/information/84613258/Envoy-hopes-for-end-of-suspension-of-Iran-s-right-to-vote-in them once more as a result of it couldn’t switch the funds to pay its dues on account of U.S. sanctions.

Release of Iran’s frozen funds requires the approval of the United States, which joined its European allies this week in saying solely weeks stay to salvage https://www.reuters.com/world/middle-east/iran-nuclear-talks-need-change-approach-february-decisive-french-source-2022-01-20 the 2015 Iran nuclear deal.

Then-President Donald Trump took Washington out of the deal in 2018, re-imposing U.S. sanctions. Iran later breached most of the deal’s nuclear restrictions and saved pushing nicely past them.

Seoul “on Friday accomplished the cost of Iran’s U.N. dues of about $18 million by means of the Iranian frozen funds in South Korea, in energetic cooperation with associated companies equivalent to U.S. Treasury’s Office of Foreign Assets Control and the United Nations Secretariat,” the finance ministry mentioned in a press release.

The Seoul U.N. workplace was not reachable for remark exterior enterprise hours.

Iran urgently requested South Korea final week to assist pay the U.N. contribution with the frozen funds on considerations of the lack of its proper to vote in 193-member General Assembly, the South Korean ministry mentioned.

Tehran has repeatedly demanded the discharge of about $7 billion of its funds frozen in South Korean banks beneath U.S. sanctions, saying Seoul was holding the cash “hostage”.

A South Korean finance ministry official declined to say a lot Iranian frozen funds are left after the cost of U.N. dues, citing confidentiality legal guidelines.

(Reporting by Joori Roh; Additional reporting by Dubai newsroom; Editing by William Mallard)



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