(ANSA) – SEUL, 23 JAN – South Korea has used $ 18 million of Iranian funds frozen in Korean banks to settle Tehran’s arrears on United Nations budgets. This was announced by Seoul, specifying that the initiative will allow Iran to quickly recover its right to vote at the United Nations.
The payment was made on Friday in collaboration with the United States and the UN, after Iran had “urgently requested” South Korea to pay the amount due, the South Korean finance minister said in a statement.
The amount was the minimum amount of arrears due from Tehran to the United Nations in order to recover the right to vote within the Organization, which had been lost in early January.
Iran has more than $ 7 billion in oil export funds frozen in two South Korean banks due to US sanctions. “Iran’s right to vote in the UN General Assembly should be immediately restored with this payment,” the South Korean ministry added. (HANDLE).
.
Source From: Ansa
I have been working in the news industry for over 10 years now and I have worked for some of the biggest news websites in the world. My focus has always been on entertainment news, but I also cover a range of other topics. I am currently an author at Global happenings and I love writing about all things pop-culture related.
