Biden Administration Helping South Korea to Unfreeze Iranian Assets

The Biden administration is currently helping the Iranians cash in on hostage taking:

The Biden administration is working to free billions of dollars in Iranian assets currently frozen in South Korea, the country’s Yonhap news agency reported on Tuesday.

There is currently about $7 billion in Iranian assets frozen in two banks based in Seoul, blocked by U.S. economic sanctions. Korea’s foreign ministry confirmed on Tuesday that a deal had been reached to free those assets.

“Our government has been in talks with Iran about ways to use the frozen assets, and the Iran side has expressed its consent to the proposals we have made,” the ministry said in a statement. “The actual unfreezing of the assets will be carried out through consultations with related countries, including the United States.”

Tensions rose between the two countries after Iran seized a South Korean oil tanker in early January. South Korea’s foreign ministry has denied the seizure is linked to the frozen assets.

Yahoo News

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