Row between Iran and South Korea intensifies, with Tehran threatening legal action unless Seoul releases over $7 billion in funds for oil shipments frozen by US sanctions
Last week, Iran's Foreign Minister Hossein Amir-Abdollahian warned that his country would sue South Korea if it continued to refuse to honour its debt.
Amir-Abdollahian said he spoke with his South Korean counterpart Chung Eui-yong about the issue at the end of last month.The foreign ministry official in Seoul said there was no way to send the money due to US sanctions. President Joe Biden's administration says it is ready to return to the 2015 deal and lift sanctions but negotiations have stalemated.
But the South Korean foreign ministry official said that "for now, only humanitarian transactions, such as medicines, are possible with frozen funds.”
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