South Korea holds up Iran $7 billion in funds frozen in South Korean banks under U.S. sanctions, and Iran seized of South Korean tanker and its crew in January. South Korea blames Iran holds the South Korean ship and the cew for hostage, while Iran blames it was South Korea that was holding Iranian funds hostage and plans to pursue seek criminal charges against the shipping company.
Now the issue solved. Iron stops pursuing criminal charges against South Korea shipping company and eases the ship and its captain. South Korea promised to try to secure the release of Iranian funds frozen in South Korean banks.
" A South Korean foreign ministry official told reporters that both sides had agreed the ship and the funds were not related issues and South Korea promised to help get the money released."
“The captain and sailors are in good health,” the ministry said.
Now the issue solved. Iron stops pursuing criminal charges against South Korea shipping company and eases the ship and its captain. South Korea promised to try to secure the release of Iranian funds frozen in South Korean banks.
" A South Korean foreign ministry official told reporters that both sides had agreed the ship and the funds were not related issues and South Korea promised to help get the money released."
“The captain and sailors are in good health,” the ministry said.
