Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Lebanese Ministry of Health: One person was killed in an Israeli airstrike on a car in the town of Burj Qalawieh, south Lebanon.
Al Mayadeen correspondent: The first ship of the Maghreb fleet delivering aid to break the siege on Gaza departs from the port of Gammarth in Tunisia.
Channel 12: Airspace closed at Ramon Airport due to fears of drone infiltration
IOF Spokesperson: Sirens sounded over an aircraft infiltration in the Bir Ora area, and details are being examined
Drone infiltration sirens sound north of the Gulf of Aqaba
Al Mayadeen's correspondent in Gaza: The Israeli occupation carried out five extremely violent raids on the western areas of Gaza City
Al Mayadeen's correspondent in Gaza: The Israeli occupation carried out major bombings in the Gaza Strip, the most violent since October 7
Yemeni Armed Forces spokesperson Brigadier General Yahya Saree: The missile force carried out a major operation using the Palestine 2 ballistic hypersonic missile, hitting several targets in occupied Yafa.
Sirens sound in large areas of occupied Palestine after a missile launch from Yemen was detected
Al Mayadeen's correspondent: 14 martyrs arrive at al-Shifa Hospital following Israeli massacre of al-Sultan Family north of Gaza.

Iran to possibly get $7 billion in unfrozen funds from S.Korea

  • By Al Mayadeen Net
  • Source: Agencies
  • 12 Apr 2022 07:23
3 Min Read

A high-ranking regional official will visit Tehran to finalize plans for the release of $7 billion in Iranian assets on April 12, which might be transferred to the Central Bank of Iran's account in Oman.

  • x
  • Iran may get $7 billion in unfrozen funds
    Iran has repeatedly demanded the release of its frozen assets in South Korea

Iranian news agency Tasnim has gathered that a regional figure, most likely the foreign minister of Oman, would conduct a visit to Tehran on Tuesday to finalize the procedure for the release of $7 billion in Iranian overseas assets that have been frozen due to sanctions.

The sum of $7 billion appears to be remitted to the Central Bank of Iran's account at the Central Bank of Oman.

Iranian Foreign Ministry Spokesperson Saeed Khatibzadeh was asked about the process of settling South Korea's debt to Iran during a press briefing on Monday.

Dismissing media speculation, the official stated that South Korea is unquestionably in debt to 80 million Iranians for the purchase of oil and gas condensates.

“South Korea has not taken any effective measure to repay the debt. This is a bilateral matter and should be settled within a bilateral framework,” he added.

Related News

EU prepares contingency plan amid US uncertainty over Ukraine aid

France to fund €1.4Bln from frozen Russian assets for Ukraine military

The late US administration, led by President Donald Trump, effectively demolished the Joint Comprehensive Plan of Action (JCPOA) by abandoning it and reinstating the sanctions that the nuclear agreement had lifted, in addition to implementing additional bans under alternative labels.

South Korea and other US allies chose to comply with the infringement by suspending trade with the Islamic Republic and refusing to pay their debts to Iran, which were largely for oil.

Iran has repeatedly demanded the release of its frozen assets in several nations, including $10 billion in South Korea, but Seoul has appealed to Washington for permission to discharge its debt.

Last July, the US Department of State announced that it issued an exemption on some of Iran’s blocked funds in South Korea and Japan to allow them to import oil from Iran.

The waiver, signed by Secretary of State Antony Blinken, allows the transfer of Iranian funds in restricted accounts to exporters in Japan and South Korea.

The waiver allows the Iranian money that had been blocked as a result of the US sanctions to be freed up without violating the law.

The Bank of Korea holds around $2.7 billion deposited by the Seoul branch of Iran's Bank Mellat, while more than $7 billion in Iranian oil money is held by the Industrial Bank of Korea and Woori Bank. The unwillingness of South Korea to release them has resulted in a diplomatic controversy.

  • Iran
  • frozen assets
  • Cemtral Bank of Iran
  • Oman
  • Tehran

Most Read

The damaged building in the Katara neighborhood, Doha, Qatar, September 9, 2025 (Social media)

Hamas delegation survives Israeli assassination attempt in Qatar

  • Politics
  • 9 Sep 2025
Israeli police and rescue teams respond at the scene of a shooting attack where several people killed and injured in Jerusalem, Monday, Sept. 8, 2025 (AP)

Al-Quds shooting: 7 settlers killed, several critically injured

  • Politics
  • 8 Sep 2025
Pro-"Israel" conservative Charlie Kirk shot during Utah speech

Pro-'Israel' far-right Charlie Kirk shot dead during Utah speech

  • US & Canada
  • 11 Sep 2025
Uprising against Volker Turk at the Human Rights Council over Gaza.

Uprising against Volker Turk at the Human Rights Council over Gaza

  • Politics
  • 12 Sep 2025

Coverage

All
The Ummah's Martyrs

Read Next

All
People protest against Israeli Prime Minister Benjamin Netanyahu during the 79th session of the United Nations General Assembly, in New York, on Friday, September 27, 2024 (AP)
Politics

'Israel' stops unfunded diplomacy ahead of UN, October 7 memorial

An Israeli Air Force fighter jet releases flares over the Gaza Strip, is seen from southern occupied Palestine, Thursday, May 8, 2025 (AP)
Politics

OIC summit draft: Israeli attack on Qatar risks normalization

People shout slogans and hold Palestinian flags while protesting during the twenty-first stage of La Vuelta cycling race from Alalpardo to Madrid, Spain, Sunday, Sept. 14, 2025. (AP)
Sports

Pro-Palestine protests force abrupt end to Vuelta a España finale

Damage is seen after an Israeli strike targeted a compound that hosted Hamas' political leadership in Doha, Qatar, on Wednesday, September 10, 2025 (AP)
Politics

Israeli regime faces growing isolation over Qatar strike: Reports

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS