S Korea reimburses Iran for $ 18m offenses at UN with cold money | Political Issues

Tehran is expected to resume its vote at UN General Assembly Seoul after paying $ 18m using $ 7bn of Iranian currency saved by US sanctions.

Iran is expected to get its vote in the UN General Assembly again after South Korea paid Tehran’s debts to the international organization and the Iranian currency suspended in the country, Seoul says.

Sunday’s announcement said the same thing to Iran they also gained their UN voting right in June 2021 after being able to pay the money he returned.

Earlier this month, however, it announced that US sanctions were in place withheld payment for the second consecutive year.

Any release of Iran’s cold currency needs to be approved by the United States, which joined its European allies this week saying it has several weeks left to save the 2015 nuclear deal with Iran.

In 2018, President Donald Trump released Washington from the deal, re-imposing several US sanctions. Iran later abandoned most of its laws to ban nuclear weapons.

Seoul “On Friday ended its $ 18 million debt to Iran through Iran’s cold air in South Korea, in collaboration with other agencies such as the US Treasury Office of Foreign Assets Control and the United Nations Secretariat,” the finance ministry said. in a sentence.

“Iran’s right to vote in the General Assembly is expected to be restored immediately with compensation,” the ministry added.

The Seoul UN office was not immediately available for comment.

Iran urgently appealed to South Korea last week to help pay for UN aid and freezes by losing its voting rights to the 193-member general assembly, the South Korean government said.

Tehran has repeatedly demanded the release of about $ 7bn of its deposits in South Korean banks under US sanctions, saying Seoul is holding “money” of the money.

South Korea’s finance minister declined to comment and how much of Iran’s remaining money remains after these UN payments and other releases last year, citing secret laws.