Despite claims from some officials of the Islamic Republic about the release of Iran's blocked funds, including seven billion dollars in South Korea, Ibrahim Raisi has called for legal action from the parliament on this matter. Following the U.S. sanctions against Iran's nuclear program, which resumed five years ago, Iran's export currency resources in Iraq and South Korea were blocked. According to the state news agency IRNA on Saturday, August 7, Ibrahim Raisi recently sent a bill to the Islamic Consultative Assembly requesting the legal procedures for the 'recovery of Iran's deposits' from South Korea. The President of the thirteenth government also emphasized the demand for 'compensation for the delay' and resolving the dispute between the Central Bank of Iran and South Korea through 'arbitration.' This comes as the resolution of such disputes may take a long time based on the trade agreement framework between the two countries. The state news agency IRNA has described South Korea's refusal to pay the seven billion dollars from the sale of petrochemical products and oil derivatives as a 'pretext' and accused its officials of 'obstruction.' While Islamic Republic officials have repeatedly announced the preparation for the release of Iran's blocked funds in South Korea, the U.S. has conditioned Tehran's access to this money on 'purchasing humanitarian items.' About two and a half years ago, during the COVID-19 outbreak, officials from Hassan Rouhani's government announced that South Korea had proposed to supply ambulances and COVID-19 testing kits in exchange for Iran's blocked funds. No news has been published regarding the Iranian government's response to this proposal or the potential receipt of humanitarian items from South Korea. The Secretary-General of the Iranian Currency Exchange Association stated: 'The dollar has become seven-tiered.' The repeated contradictions of 'Mr. President'; Ibrahim Raisi's economic claims on television. The emphasis of 'Mokhber' on the release of blocked dollars; 'news therapy' did not control the dollar price. The claim of '20 billion euros' investment in Iran; Siamak Ghazami: the 'news therapy' project is ongoing. The repeated promises of Islamic Republic officials for the release of oil dollars; news that is continuously announced and denied.
Raisi Sends Bill to Parliament for the 'Recovery of Iran's Deposits' from South Korea
Iranian President Ibrahim Raisi has submitted a bill to parliament to pursue the recovery of seven billion dollars in blocked funds from South Korea, amid ongoing U.S. sanctions. The situation highlights tensions between Iran and South Korea regarding financial disputes and the impact of U.S. conditions on Iran's access to its funds. This matter is significant as it reflects Iran's struggle to navigate international sanctions and financial isolation.
👥 Key Players
⚡ Actions
📰 What Happened
Raisi calls for legal action to recover $7 billion blocked in South Korea due to U.S. sanctions.
- Ebrahim Raisi announce Islamic Consultative Assembly, South Korea
- Iranian government negotiate South Korea
- Iranian officials accuse South Korea
💡 Why It Matters
📚 Background
Raisi's actions reflect Iran's struggle to recover blocked funds amidst international sanctions.
📝 Key Evidence
🏷️ Entities Mentioned
Translated from the original and edited for English readers. View original source →
Translation confidence: 85%