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Iran's Top Banker Urges S. Korea to Show Will to Resolve Issue of Frozen Funds

Written: 2021-01-20 09:17:04Updated: 2021-01-20 13:25:01

Iran's Top Banker Urges S. Korea to Show Will to Resolve Issue of Frozen Funds

Photo : YONHAP News

The head of the Iranian central bank said on Tuesday that South Korea should display a political will to resolve the issue of Iran's frozen funds in South Korean banks.  

Governor of the Central Bank of Iran(CBI) Abdolnaser Hemmati made the remarks in a written interview with Bloomberg News.

Hemmati said that South Korean authorities recently promised that they will do whatever they could in order to release the frozen funds, but this was not the first time they have made such promises. 

The CBI chief said the South Korean delegation, who recently visited Iran, mentioned that they have the political will to resolve the issue and enable Iran to make use of their assets. However, he added that the problem is that South Korea wants to comply with U.S policies and regulations as well.

The top banker said that Iranian banks and financial institutions are listed by the U.S. Treasury as sanctioned entities, and unfortunately, the Seoul government has succumbed to the pressure and refuses to cooperate with Iran. 

He also denied any links between the frozen funds and Iran's seizure of a South Korean oil tanker.

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