Seoul says Iran has paid Iran’s delinquent UN membership fees to restore voting

Dubai, United Arab Emirates — Using Iran’s bank funds freed from US sanctions, South Korea paid Iran’s $ 18 million in arrears to pay to the United Nations, Seoul said Sunday. This step was clearly approved by Washington to restore Tehran’s suspended voting rights in the World Organization.

The South Korean Ministry of Foreign Affairs said Seoul paid the amount using Iran’s assets frozen in the country after consulting with the US Treasury.

The ministry said it hopes Iran’s voting rights will be restored shortly after it was suspended due to late fees earlier this month.

Iran’s mission to the United Nations did not immediately respond to requests for comment. However, Press TV, the English division of Iran’s state television, quoted Iran’s Permanent Representative of the United Nations as confirming that membership fees were paid and Iran’s voting rights would soon be restored. He did not specify how the money was paid.

“As an active member of the United Nations, the Islamic Republic of Iran has always promised to pay membership fees on time,” said Majid Tact et Lavanchi. He expressed anger at the United States for what he called “brutal and unilateral sanctions against Iran,” which has prevented Tehran from gaining access to funds to pay delinquency charges for the past two years. did.

Funds were seized by South Korean banks under sanctions imposed by former President Donald Trump after withdrawing the United States from a groundbreaking nuclear deal with Tehran’s world power. The Office of Foreign Assets Control of the US Treasury must license these transactions under US banking sanctions imposed on Iran. The Treasury did not immediately respond to requests for comment on unfrozen funds.

The Biden administration wants to revive the 2015 nuclear deal, which allowed relaxation of sanctions on Iran in exchange for curbing nuclear development programs.

Diplomats are currently working on subtle negotiations to revive the agreement in Vienna, but the breakthrough remains elusive as Iran relinquishes all restrictions imposed on pyknosis. The country is now purifying from small quantities to 60%, a short technical step from the weapons grade level, spinning centrifuges far more advanced than allowed.

Under the Charter of the United Nations, countries that pay membership fees for the past two years lose the right to vote at the General Assembly.

A letter from Secretary-General Antonio Guterres, circulated earlier this month, revealed that Iran was among several delinquent countries on its list, including Venezuela and Sudan. The General Assembly may make exceptions to the rules and determines that some countries are facing a situation “beyond the control of Member States”.

According to the Secretary-General’s letter, Iran had to pay at least $ 18.4 million to regain its voting rights.

Iran also lost voting rights in January last year, and Tehran has come to blame the United States for imposing catastrophic sanctions that have frozen billions of dollars with Iran’s funds from banks around the world. Tehran regained voting rights in June last year after paying the minimum membership fee.

Over the past few years, Iran has pressured Seoul to release about $ 7 billion in revenue from frozen oil sales at Korean banks since the Trump administration tightened sanctions on Iran.

Frozen funds are out of balance as diplomats struggle to revive nuclear deals. Senior South Korean diplomats, including the first Foreign Minister Choi Jung-kun, flew to Vienna this month to discuss the fate of the property with Iranian responders.

Copyright © 2022 The Washington Times, LLC.

Seoul says Iran has paid Iran’s delinquent UN membership fees to restore voting

Source link Seoul says Iran has paid Iran’s delinquent UN membership fees to restore voting

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