Between $6 billion and $9 billion in payments for already delivered Iranian oil remain frozen in South Korean banks. Seoul insists that the funds will stay blocked due to the American sanctions against the country. Tehran, in turn, sees the freeze as unlawful and is mulling legal action against South Korea.
Iran’s parliamentary Vice-Speaker Amir-Hossein Qazizadeh Hashemi has condemned South Korea’s refusal to release the money that the country owes Tehran for buying oil, calling Seoul’s behaviour “rude, unethical and illegal”. Hashemi stated that South Korea’s actions have become a “source of regret” for the Iranian government, as the relations between the two countries are deteriorating due to the unresolved issue.
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