CBI Confirms Talks with S. Korea on Frozen Assets

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News ID: 55924
Iran » Iran
Publish Date: 19:55 - 17 February 2022
Thursday, 17 February 2022 (YJC)_ A senior official at the Central Bank of Iran confirmed the country has been holding talks with South Korea.

CBI Confirms Talks with S. Korea on Frozen AssetsCBI Public Relations Director-General Mostafa Qamari Vafa confirmed that Iran has been holding talks with South Korea.

He announced that the talks have been taking place on finding ways to free the country's frozen funds in South Korea and noted “Negotiations are being held in Seoul to release seven billion dollars of Iranian funds blocked in South Korean banks.”

“It has been 4 years since the funds have been frozen under the pretext of limitations imposed by US sanctions,” he added.

Earlier this week, Iranian and South Korean officials held a meeting in Seoul to discuss ways to free Tehran’s frozen assets in South Korea.

Also, Iranian Foreign Ministry Spokesman Saeed Khatibzadeh said that the future of the ties between Tehran and Seoul will be significantly affected by the result of the recent talks with South Korea on Tehran's frozen assets.

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