February 23rd According to Yonhap News Agency, an official of the Ministry of Foreign Affairs of South Korea said on the 23rd that South Korea’s ambassador to Iran, Yoo Jingxuan, held talks with the Governor of the Central Bank of Iran, Abdul Nasser Hemati, on the 22nd.
Iran agreed to the South Korea’s proposal for the use of frozen Iranian funds in South Korea.
According to the report, the $7 billion of Iran’s oil exports have been frozen in two banks in South Korea due to the impact of the U.S. sanctions against Iran.
South Korea has previously proposed a variety of solutions to consult with Iran.
The final agreement reached by the two sides was not made public, but it is speculated that it may include expanding the transaction of humanitarian goods such as increasing the procurement scale of pharmaceuticals and medical devices.
It is reported that the two countries have also agreed on a plan to transfer part of the funds overseas.
However, the official said that the unfreezing of funds still needs to be negotiated with the United States and other related countries.
That is to say, even if South Korea and Iran reach an agreement on the above-mentioned plan, the actual unfreezing funds still need to be approved by the United States.
The Islamic Republic News Agency also reported on the 22nd that the talks between Hemati and Liu Jingxuan said that the two sides had reached an agreement on the use plan of frozen assets in South Korea.
Hematy said that in recent years, the failure of South Korean banks has caused damage to Iran, and Iran will defend its rights, and South Korea needs to compensate.