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Iran's CB Demands South Korea Release Frozen Assets

Iran's CB Demands South Korea Release Frozen Assets
Iran's CB Demands South Korea Release Frozen Assets

The Central Bank of Iran demanded Monday South Korea release billions of its foreign exchange assets blocked in that country. 
South Korea’s First Vice Foreign Minister Choi Jong-kun arrived in Tehran on Sunday for talks related to the release of a Korean oil tanker seized by Iranian authorities last week and the fate of money blocked by the Seoul government. 
Choi and the accompanying delegation met senior government and banking officials, including Abdolnasser Hemmati, the CBI governor.
Hemmati criticized Korea's inappropriate attitude towards Iran’s assets blocked for more than two years. "This is unacceptable…Iran would not be indifferent if the delays continue," he was quoted as saying by the CBI website. 
Iranian assets locked in South Korea are estimated between $7-9 billion. Hemmati complained that Korean banks are holding the assets due to US pressures. 

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