Iranian Foreign Minister Mohammad Javad Zarif said that the mechanism for returning Iranian assets from South Korea has been agreed upon by the parties.
Abdolnaser Hemmati said he is hopeful his visit to Baghdad on Monday and successful talks with Iraqi officials would enable Tehran to use more than $5 billion of its funds in the country.
Iran has stepped up efforts to use its foreign currency reserve assets frozen in other countries despite the US pressures, President Hassan Rouhani said.
Iran was taking legal steps to counter a lawsuit filed in a US court by creditors seeking to seize $1.7 billion of its assets held by Deutsche Boerse’s Clearstream unit, Iranian deputy says.
The Central Bank of Iran (CBI) is preparing to lodge an official complaint against South Korea, said a report, as Seoul refuses to return Iranian funds.
Foreign Minister of Iran Mohammad Javad Zarif has said that Iran will adopt different methods to release its frozen assets in other countries.
Tehran will pursue a complaint concerning its frozen assets against South Korean banks in the international courts of justice.
Spokesman of Iran’s Ministry of Foreign Affairs Seyyed Abbas Mousavi urged South Korea to meet its financial commitments due to unfreezing Tehran’s oil money.
A top Iranian lawmaker on Friday warned South Korea about its “unacceptable” and “unjustifiable” move to block the Islamic Republic’s oil money.
Iran’s Foreign Ministry spokesperson warned South Korea that if it refuses to pay off its debts under the “inadmissible” pretext of obeying the US sanctions, Tehran will take other appropriate measures.