News ID: 279385
Published: 0700 GMT January 11, 2021

FM Zarif urges South Korea to unfreeze Iran's assets as soon as possible

FM Zarif urges South Korea to unfreeze Iran's assets as soon as possible

The foreign minister of Iran said the move by South Korean banks to freeze the Islamic Republic’s assets for the fear of US sanctions is the main obstacle on the way of further expansion of Tehran-Seoul relations, calling on the East Asian state to take swift and necessary actions to settle the issue.

"Given the health and economic consequences of coronavirus, gaining access to these resources is currently the main priority in the two countries' relations," Mohammad Javad Zarif said in a meeting with South Korea’s visiting Deputy Foreign Minister Choi Jong-kunon Monday, Press TV wrote.

Zarif noted that the "illegal move" by South Korean banks has elicited negative sentiments among the Iranian people and has seriously tarnished the image of this country, and this is why Iranian lawmakers have reiterated their legal right to address this issue, so that it could be resolved as soon as possible, Zarif said.

The South Korean official, for his part, said his country is determined to solve the issue and would make its utmost efforts to prepare the ground for Iran's access to its assets.

Iranian authorities have said on several occasions that they expect South Korea to do more on the release of nearly $8.5 billion blocked illegally in two South Korean banks under the pretext of US sanctions against the Islamic Republic.

Central Bank of Iran (CBI) Governor Abdolnaser Hemmati in a meeting with the visiting South Korean deputy foreign minister said Monday he expects South Korea to be serious on the issue of Iranian funds blocked in the East Asian country over US sanctions or expect repercussions in bilateral ties.

While on Sunday, Iran’s Deputy Foreign Minister for Political Affairs Seyyed Abbas Araqchi in a meeting with Choi took to task the government of South Korea for illegally freezing the Islamic Republic’s assets over fear of the US sanctions, warning that Seoul should not submit to the extortionist policies of the White House.

“For about two and a half years, South Korean banks have illegally frozen Iran’s foreign exchange assets over what they describe as fear of US sanctions. This measure, which is only due to submission to US' extortionist policies, is not acceptable,” Araqchi said.

In his meeting with Zarif, the South Korean diplomat also pointed to the seizure of a South Korean-flagged tanker by the naval force of Iran's Islamic Revolution Guards Corps (IRGC) and called for accelerating the settlement of the issue.

Zarif said the ship was impounded for polluting the Persian Gulf waters, adding, "This is a merely technical issue, which is under investigation within the framework of legal and judicial regulations" and, therefore, it is not possible for the Iranian administration to interfere in the judicial proceedings involving the tanker.

The IRGC Navy said in a statement on January 4 that the Hankuk Chemi tanker had departed from the Petroleum Chemical Quay in Saudi Arabia's Jubail port before being impounded earlier in the day for polluting the Persian Gulf waters with chemicals.

The statement added that the ship, which carried 7,200 tons of ethanol, is now being held at Iran's southern Bandar Abbas port city.

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