Tehran, IRNA – Central Bank of the Islamic Republic of Iran said on Thursday that they were holding talks with South Korea to release funds frozen due to US sanctions.
CBI Public Relations Director-General Mostafa Qamari-Vafa said that Iran and South Korea hold negotiations in Seoul to release seven billion dollars of Iranian funds blocked in South Korean banks.
The funds have been frozen since four years ago under the pretext of limitations imposed by US sanctions, according to Qamari-Vafa.
Iran has so far emphasized the necessity of removing the illegal limitation over its funds.
Meanwhile, South Korean media have published reports suggesting that Seoul was planning to resume oil trade with Iran after a three-year halt.
Source: Islamic Republic News Agency – IRNA
