October 25, 2021

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Seoul’s Blocking of Iran Assets Against International Trade Laws

Seoul’s Blocking of Iran Assets Against International Trade Laws
Seoul’s Blocking of Iran Assets Against International Trade Laws

Head of Iran-South Korea Parliamentary Friendship Group Ruhollah Motefaker Azad in meeting with South Korea’s Ambassador to Tehran Yun Kang-hyeon said that Seoul’s blocking the Islamic Republic of Iran to have access to its forex resources is against all international trade laws.

TEHRAN (Iran News) – Seoul’s Blocking of Iran Assets Against International Trade Laws. Head of Iran-South Korea Parliamentary Friendship Group Ruhollah Motefaker Azad in meeting with South Korea’s Ambassador to Tehran Yun Kang-hyeon said that Seoul’s blocking the Islamic Republic of Iran to have access to its forex resources is against all international trade laws.

In the meeting, Motefaker Azad pointed to the historic ties between Iran and South Korea and said that Iran-South Korea Parliamentary Friendship Group has always been seeking bolstering amicable ties with Soul.

He noted that the Islamic Republic of Iran has been disappointed over Soul’s actions in recent years which have led to the decline in the bilateral economic ties. He then pointed to the significance of the parliamentary diplomacy as an effective tool for reinforcing the political relations, adding that ties between the two countries have been always important and the current Majlis is determined to bolster it.

Motefaker Azad then pointed to Iran’s frozen assets in South Korea and said that resolving this problem and unblocking the assets needs double efforts which should be made by South Korean government in order that the credit line with Iran would be implemented immediately.

He added that South Korea has been one of Iran’s reputable and reliable partners in recent years but recent actions especially in the past three years for blocking Iran’s forex resources  have been under the pressure of the U.S. and it has changed Iranian people’s approach towards South Korea.

He then urged South Korean government to remove hurdles in way of Iran’s access to its financial resources in Korean banks.

Then Yun, for his part, called Iran as an important trade partner of his country in the region and said Iran and South Korea have had good relations and interactions for over 60 years.

He reiterated that recent tension in ties between Tehran and Seoul is the U.S. sanctions and expressed hope this problem would be resolved soon.

He termed positive the outlook of relations between the two states and said parliaments of the two countries can pursue the previous paths of cooperation with strength.

Original News : https://irannewsdaily.com/2021/09/seouls-blocking-of-iran-assets-against-international-trade-laws/

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