South Korea pays Iran's UN dues with frozen assets

 

Seoul: Seoul said on Sunday that South Korea has used $18 million of frozen Iranian assets to pay Tehran's dues to the United Nations.

Seoul's finance ministry said in a statement that the payments were made in cooperation with the United States and the United Nations on Friday after Iran made an "emergency request" asking South Korea to pay dues.

Iran has more than $7 billion in funds to fund frozen oil shipments at two South Korean banks due to US sanctions. "Iran's voting rights at the UN General Assembly are expected to be restored immediately with payment," the ministry said. Tehran's mission to the United Nations told AFP the payment had been "complete".