The Spokesman for Iraq's Ministry of Electricity, Ahmad Musa, has announced that they are ready to pay off all of Iran's dues and will soon deposit them in the credit fund of the Commercial Bank of Iraq, according to Iran’s Mehr News Agency.
The agency reported on Wednesday that officials from both Iran and South Korea are getting ready to release Iran’s blocked assets, without further elaborating on the amount or the agreement.
“Choi Jong-Kun, a senior South Korean official, left for the Austrian capital Vienna yesterday to discuss Iran's assets blocked in South Korea,” Mehr said.
Iran is holding talks with world powers in Vienna to revive a 2015 nuclear deal known as the Joint Collective Plan of Action. The alleged new agreements might indicate progress in these negotiations.
Former US President Donald Trump withdrew from the deal in 2018, deeming it insufficient to shut down projects with bomb-making potential.
“South Korea's debt to Iran for the import of gas condensate is estimated at about $7 billion which has not been paid since 2018 under the pretext of US sanctions imposed against Iran,” the report added.
Iran denies seeking nuclear arms, but has breached the deal with expanded uranium enrichment.
