Dhaka | Friday | 26th of February 2021 | Bangla Version | Get Our App EN
  • TECH
  • ♦ MORE ♦
  • ♦ MORE LINK ♦
    • NBS » 3-Headlines » Breaking: Iran urges S. Korea to compensate for 2-year delay in oil payments

    Please subscribe to NBS YouTube channel:

    Breaking: Iran urges S. Korea to compensate for 2-year delay in oil payments
    NBS | Wednesday, January 20th, 2021 | Published: 2:56 pm

    Breaking: Iran urges S. Korea to compensate for 2-year delay in oil payments

    TEHRAN – The Governor of the Central Bank of Iran (CBI) Abdolnaser Hemmati has said that South Korean banks must compensate for the damages caused by the two years of delay in freeing Iran’s oil money.

    “We believe that Korean banks should compensate the Islamic Republic of Iran for the damage suffered during these two years; Of course, the amount of this compensation is a technical issue and must be determined by banking and financial experts,” Hemmati told Bloomberg on Tuesday.

    The Islamic Republic of Iran has been prevented from using its funds with Korean banks due to the Korean banks’ full compliance with the maximum pressure policy of the United States against Iran, he said.

    This policy is against international law and not justified by legal principles, Hemmati stressed.

    He noted that the Korean side has the political will to resolve the issue and enable Iran to make use of its assets, but the problem is that they want to comply with the U.S. policies and regulations as well.

    The official further mentioned some of the issues that are in the way of Iran using its oil money in South Korea, saying: “Iranian banks and financial institutions, including the Central Bank of Iran, are listed by the U.S. Treasury as sanctioned entities. Unfortunately, the Korean government has succumbed to the pressure and, unlike some other countries, refuses to cooperate with Iran.”

    “Our other partners could find some ways so that we can use resources to import humanitarian goods, but the Korean government did not propose any reliable channel in this regard. The funds are held with Korean banks which have business with the U.S. banks and they take it as an excuse that the funds are Korean won and cannot be converted into euro directly,” he explained.

    He finally noted that South Korean authorities have promised to do whatever they could in order to release Iran’s frozen assets.

    “But this was not the first time they are making such promises,” the governor added.


    Read on the original site

    Write your comment...

    nbs24new3 © All Rights Reserved
    News Broadcasting Service - NBS
    (NBS) 2015 - 2020

    CEO: Abdullah Al Masum,
    Editor and Publisher : Sultana Rabiya
    Bangshal, Dhaka-1000, Bangladesh.
    Cell : +88 02 , +88 01718 580 689
    Email : [email protected], [email protected]

    USA Office: 41-11, 28th Avenue, Suite # 15 (3rd floor), Astoria, New York-11103,
    United States of America. Cell: 917-396-5705.

    Prasenjit Das, Editor in Chief, India.
    Address : Central Road, Town Pratapgarh, Agartala, Tripura, India. +919402109140.

    Home l About NBS l Contact the NBS l DMCA l Terms of use l Advertising Rate l Sitemap l Live TV l All Paper

    Reproduction of content, news or article published on this nbs website is strictly prohibited. - Privacy Policy