The South Korean government agrees to transfer the minimum balance after an emergency call
Iran, one of the three countries to which the UN had withdrawn the right to vote for defaulting, has managed to make the minimum payment although it has been with frozen funds. He owes it to South Korea, which has agreed to transfer the balance of accounts he was not allowed to use. Until the Trump administration unilaterally broke with the anti-nuclear accord signed by the major powers and imposed sanctions, Iran was South Korea’s third-largest trading partner. But the United States is the second, after China.
Since then, the Executive of Seoul has more than 7,000 million dollars frozen in two bank accounts, of which this week it has transferred 18.4 million to the UN after receiving an emergency request. The money was payments owed to Iran for oil shipments received.
“The payment has been completed,” Tehran’s government said in a letter to UN Secretary-General António Guterres. “Iran expects its right to be restored immediately,” he insisted.
Only the minimum payment
But it is not that the debtors have caught up. They have only made the minimum payment. According to article 19 of the UN Magna Carta, countries that in the previous two years have accumulated more debts than they have contributed lose the right to pronounce on the decisions of the General Assembly.
Much poorer countries like Guinea and Vanuatu have also saved face this week. However, the amount of his operation was as insignificant as in the case of the island of Vanuatu, which could be settled with just 194 dollars. Guinea, for its part, needed $40,000.
.
#Iran #regains #voting #rights #money #frozen #accounts