South Korea used Tehran’s personal frozen belongings to repay its debt to the worldwide group
Majid Takht Ravanchi, Iran’s ambassador and everlasting consultant to the UN, confirmed on Sunday that Iran has earned again its voting rights after its membership charges have been paid.
The suspended voting rights needs to be again in place on Monday. The $18 million that was paid for by South Korea with Iranian belongings, frozen resulting from US sanctions. There’s at the moment over $7 billion in Iranian oil cargo funds frozen in two South Korean banks, in response to AFP.
Seoul’s finance ministry additionally introduced the fee had been in a Sunday assertion following Tehran requesting final week that the frozen funds be used to cowl the membership prices.
Iran’s voting rights had been suspended earlier this month, together with a number of different international locations, over unpaid membership dues. Iran has cited US sanctions as making it troublesome to maintain up with UN funds, even having their voting rights suspended final yr. Iran has stated the cash in South Korea is being held “hostage,” whereas Seoul wouldn’t verify how a lot of the $7 billion stays after this week’s UN fee.
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