Iran slams South Korea for blocking oil money

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TEHRAN, June 15 (Xinhua) — Iran’s Foreign Ministry on Monday denounced what he called South Korea’s “obedience” to the United States to freeze Iran’s oil money.

“South Korea’s blind obedience to the United States and it’s move to use U.S. unilateral sanction pressures as an excuse are not acceptable,” the Foreign Ministry Spokesman Abbas Mousavi said.

“They have no right to block the Iranian nation’s assets,” said Mousavi at his weekly press conference.

Iran has taken necessary and legal measures to unblock the money, he said.

Governor of the Central Bank of Iran Abdolnaser Hemmati said Wednesday that South Korean banks are “preventing” Iran from using billions of dollars of its oil money to buy food and medicines.

Iran has announced that South Korea was in arrears on payment of about 7 billion U.S. dollars for oil from Iran before the U.S. President Donald Trump’s administration reimposed sanctions on Iran’s oil industry in November 2018.

South Korea was the biggest client of Iranian gas condensate with 300,000 barrels per day (bpd) on top of 100,000 bpd of crude oil, but the country stopped the imports under U.S. pressures. Enditem

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