‘At least $1bn’ of Iran’s frozen assets to be released by South Korea after Tehran meets with Seoul

Iran’s Central Bank says

Iran’s Central Bank says the country expects to receive at least $1 billion dollars of frozen Iranian assets being held by South Korea in accordance with US sanctions on Tehran, after Seoul agreed to release some of the funds.

“In the meeting with the South Korean envoy, we stressed how Iran could use its resources,” Governor of the Central Bank of Iran (CBI) Abdolnaser Hemmati told reporters on Wednesday. 

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