South Korea agrees to partial release of Iranian funds blocked under sanctions ...Kuwait

Iran says it has 'close to $10 billion' held in South Korean banks. South Korea has agreed to release millions of dollars in Iranian funds trapped in its banks for years due to US sanctions, Al Jazeera has reported.Ambassador Ryu Jeong-hyun announced Seoul would release "a part" of the funds, the Central Bank of Iran said in a statement without specifying the exact figure.Iran Foreign Minister Mohammed Javad Zarif said on Sunday that the country's funds in South Korean banks totaled "close to $10 billion". Iranian officials have previously stated the figure as $7 billion.Central Bank chief Abdolnasser Hemmati welcomed the move but slammed past "lack of cooperation by South Korean banks".Te

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