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
Palestinian platforms: Settlers storm Al-Aqsa Mosque complex under the protection of the occupation police
Palestinian platforms: The IOF detonated a booby-trapped robot east of the al-Zaytoun neighborhood, south of Gaza City
Syrian Defense: We call on all parties in Sweida to cooperate with security forces and exercise restraint
Al Mayadeen's correspondent: The Lebanese Army is continuing its investigations and will later announce any information that does not affect the confidentiality of the investigation
Al Mayadeen's correspondent: It has not yet been determined whether the detainees belong to ISIS or another organization
Al Mayadeen's correspondent: Around 10 people of different nationalities, including Lebanese nationals, were detained
Al Mayadeen's correspondent: The Lebanese army arrested a number of people in the Matn area of Mount Lebanon with possession it has not disclosed
Gaza Civil Defense spokesman: We have strong indications that there are martyrs, injuries, and trapped people in the Salah al-Din area
Gaza Civil Defense spokesman: Citizens should avoid Salah al-Din Street because anyone who approaches it is at risk of being directly targeted
Gaza Civil Defense spokesman: Reality is that there is a very limited retreat of the vehicles, with the occupation forces providing cover undeer fire up to Salah al-Din Street

South Korea pays back Iran $18 million, UN voting rights restored

  • By Al Mayadeen net
  • Source: Agencies
  • 23 Jan 2022 09:24
3 Min Read

South Korea said it used $18 million in frozen Iranian funds in order to restore its voting rights at the general assembly.

  • x
  • South Korea restores Iran's voting rights at UN with frozen Iranian funds
    The Deputy Foreign Ministers of South Korea and Iran in Tehran in January 2021 (AFP)

South Korea announced Sunday that it had used $18 million in frozen Iranian funds to pay Tehran's UN dues and restore the country's voting rights.

The right to vote of a member nation is suspended under the UN charter when its arrears equal to or exceed the dues it should have paid during the previous two years.

Last year, Iran's unpaid dues resulting from unilateral US sanctions also made it lose a vote. After months of discussions, it was granted an exception, allowing it to access funds banned by the US Treasury, and it regained its vote in June, just in time for the election of new Security Council members.

The payment had been "completed" on Friday according to the Tehran mission to the UN.

In July, former Iranian President Hassan Rouhani reiterated Iran's clear right to utilize assets illegally held in South Korean banks.

Related News

Indonesia urges UN to revoke 'Israel' membership

UNGA adopts resolution urging US to lift embargo on Cuba

Before the US withdrew from the 2015 nuclear agreement and imposed crushing sanctions in a failed attempt to subjugate the country, Iran was South Korea's third-largest trading partner in the Middle East.

Due to unilateral US sanctions, Iran has more than $7 billion in money for oil exports blocked at two South Korean banks.

The US Department of State announced in July 2021 that it had issued an exemption to some of Iran's blocked funds in South Korea and Japan, allowing them to import Iranian oil. The waiver, signed by Secretary of State Antony Blinken, allows the "transfer of Iranian funds in restricted accounts to exporters in Japan and the Republic of Korea."

It should be recalled that US sanctions prevented Iran from paying United Nations dues on January 19, putting it on a list of countries in arrears with several others.

In early January, Iran's chief nuclear negotiator, Ali Bagheri Kani, stressed that South Korea is obligated to release frozen Iranian funds regardless of the outcome of negotiations in Vienna on reviving the nuclear deal.

During a meeting with Korean Vice Foreign Minister Choi Jong-Kun, Bagheri Kani stated that regardless of the Vienna talks outcome, "the South Korean government is obligated to release Iran's frozen funds," according to IRNA.

  • United Nations General Assembly
  • United Nations
  • South Korea
  • Iran

Most Read

Hezbollah SG reveals war details on Al Mayadeen for the first time

Hezbollah SG reveals war details on Al Mayadeen for the first time

  • Politics
  • 8 Jul 2025
Major ambush in Gaza kills 6 Israeli troops, injures dozens

Major ambush in Gaza kills 5 Israeli troops, injures 14

  • Politics
  • 8 Jul 2025
Israeli soldiers are seen in Beit Hanoun ahead of an operation by the al-Qassam Brigades, undated (Al-Qassam Brigades Military Media)

'Israel' on blast as media exposes report discrepancies in Gaza ambush

  • Palestine
  • 8 Jul 2025
Yemen Navy sinks ETERNITY C ship, shares footage of operation

Yemen Navy sinks ETERNITY C ship, shares footage of operation

  • Politics
  • 9 Jul 2025

Coverage

All
The Ummah's Martyrs

Read Next

All
The Freedom Flotilla ship Handala as it departs for Gaza, where it aims to break the maritime blockade at a port in Syracuse, Sicily in southern Italy on July 13, 2025. (AFP)
Palestine

Freedom Flotilla's Handala departs Sicily in bid to break Gaza siege

The container ship CMA CGM Laperouse, left, docks at the Georgia Ports Authority's Port of Savannah, Sept. 29, 2021, in Savannah, Ga (AP)
Politics

US shipbuilding woes deepen as tariffs, outdated policies backfire

Gaza war raises ethical questions for ex-Obama, Biden officials
Politics

Mercenary firm tied to Gaza war crimes hires Obama-Biden PR operatives

'Israel' targets children in Gaza collecting water
Palestine

'Israel' strikes Gaza kids fetching water, blames it on 'malfunction'

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