Ties Between Iran, South Korea Shaken over Frozen Fundshttps://english.aawsat.com/home/article/2333406/ties-between-iran-south-korea-shaken-over-frozen-funds
Ties Between Iran, South Korea Shaken over Frozen Funds
The South Korean ambassador to Tehran announced the delivery of $1.2 million worth of medication to help Iran fight the coronavirus outbreak. Photo: South Korean Embassy's Twitter account
Ties Between Iran, South Korea Shaken over Frozen Funds
The South Korean ambassador to Tehran announced the delivery of $1.2 million worth of medication to help Iran fight the coronavirus outbreak. Photo: South Korean Embassy's Twitter account
Relations between Iran and South Korea have been shaken over funds frozen because of US sanctions.
Iran called on Friday for South Korea to release billions of dollars in frozen funds.
“South Korea’s ban on Iran’s use of its central bank resources to buy basic goods, medicine and humanitarian items is in no way acceptable, and we expect the South Korean government to lift this restriction as soon as possible,” President Hassan Rouhani said, in remarks carried by state news agency IRNA.
He instructed the head of the Iranian central bank to follow up the matter through legal channels and international forums, IRNA said, according to Reuters.
Rouhani did not cite a figure for the frozen funds, but the news agency Borna quoted Hossein Tanhayi, head of the Iran-South Korea chamber of commerce, as saying between $6.5 billion and $9 billion belonging to Iran was blocked in South Korean banks.
“Iran intends to take legal action against this ..., but this is not an easy path and it is time-consuming,” Tanhayi said.
South Korea’s imports of Iranian oil have been zero since May 2019, when the United States revoked waivers which had allowed some countries to continue buying Iranian oil without falling foul of US sanctions.
The United States re-imposed sanctions on Iran in 2018 after President Donald Trump withdrew from a deal to lift them in return for curbs on Iran’s nuclear program. Tehran calls the US sanctions economic warfare.
The Iranian Foreign Ministry said in May that preliminary steps had been taken to set up a channel to allow Iran to use funds in South Korea to buy humanitarian goods. Weeks later South Korea’s Foreign Ministry said Seoul was sending $500,000 worth of medicine to Iran.
80 Years Ago World War II in Europe Was Over. Celebrating V-E Day Is Now Tinged with Some Dread https://english.aawsat.com/world/5140681-80-years-ago-world-war-ii-europe-was-over-celebrating-v-e-day-now-tinged-some-dread%C2%A0
European Parliament President Roberta Metsola (Frist row - 3rd R) holds a European Union flag during the commemoration of the 80th anniversary of the end of World War II in Europe, as part of a plenary session at the European Parliament in Strasbourg, eastern France on May 7, 2025. (AFP)
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80 Years Ago World War II in Europe Was Over. Celebrating V-E Day Is Now Tinged with Some Dread
European Parliament President Roberta Metsola (Frist row - 3rd R) holds a European Union flag during the commemoration of the 80th anniversary of the end of World War II in Europe, as part of a plenary session at the European Parliament in Strasbourg, eastern France on May 7, 2025. (AFP)
Even if the end of World War II in Europe spawned one of the most joyous days the continent ever lived, Thursday’s 80th anniversary of V-E Day is haunted as much by the specter of current-day conflict as it celebrates the defeat of ultimate evil.
Hitler’s Nazi Germany had finally surrendered after a half-decade of invading other European powers and propagating racial hatred that led to genocide, the Holocaust and the murdering of millions.
That surrender and the explosion of hope for a better life is being celebrated with parades in London and Paris and towns across Europe while even the leaders of erstwhile mortal enemies France and Germany are bonding again.
Germany’s new foreign minister, Johann Wadephul, paid tribute to “the enormous sacrifices of the Allies” in helping his country win its freedom from the Nazis and said that millions of people were “disenfranchised and tormented by the Nazi regime.”
“Hardly any day has shaped our history as much as May 8, 1945,” he said in a statement. “Our historical responsibility for this breach of civilization and the commemoration of the millions of victims of the Second World War unleashed by Nazi Germany gives us a mandate to resolutely defend peace and freedom in Europe today."
A German soldier carries a small coffin with the remains of fallen German soldiers of WWII to the grave during a funeral service at a memorial site for fallen soldiers in Halbe, Germany, Wednesday, April 30, 2025. (AP)
His comments underscore that former European enemies may thrive — to the extent that the 27-nation European Union even won the 2012 Nobel Peace Prize — but that the outlook has turned gloomy over the past year.
Bodies continue to pile up in Ukraine, where Russia's 2022 full-scale invasion started the worst war on the continent since 1945. The rise of the hard right in several EU member states is putting the founding democratic principles of the bloc under increasing pressure.
And even NATO, that trans-Atlantic military alliance that assured peace in Europe under the US nuclear umbrella and its military clout, is under internal strain rarely seen since its inception.
“The time of Europe’s carefree comfort, joyous unconcern is over. Today is the time of European mobilization around our fundamental values and our security,” Polish Prime Minister Donald Tusk said at a Dutch memorial event in the lead-up to the celebrations.
It makes this unlikely stretch of peace in Europe anything but a given.
"This peace is always unsure. There are always some clouds above our heads. Let’s do what we can, so that peace should reign forever in Europe,” Robert Chot, a Belgian World War II veteran, told a solemn gathering of the European legislature.
European Parliament President Roberta Metsola sounded gloomy.
Britain's Queen Camilla (L), flanked by Constable of the Tower of London, General Gordon Messenger (R), visits the ceramic poppies installation at the Tower of London on May 6, 2025 to celebrate the 80th anniversary of V-E Day also known as Victory in Europe Day, marking the end of the Second World War in Europe. (AFP)
“Once again war has returned to our continent, once again cities are being bombed, civilians attacked, families torn apart. The people of Ukraine are fighting not only for their land, but for freedom, for sovereignty, for democracy, just as our parents and our grandparents once did,” she told the legislature on Wednesday.
“The task before us today is the same as it was then to honor memory, to protect democracy, to preserve peace,” Metsola said.
Commemorations have been going all week through Europe, and Britain has taken a lead. Here too, the current-day plight of Ukraine in its fight against Russia took center stage.
“The idea that this was all just history and it doesn’t matter now somehow, is completely wrong,” UK Prime Minister Keir Starmer said. “Those values of freedom and democracy matter today.”
In London later Thursday, a service will be held in Westminster Abbey and a concert, for 10,000 members of the public, at Horse Guards Parade. In Paris, French President Emmanuel Macron is expected to oversee a ceremony at the Tomb of the Unknown Soldier at the Arc de Triomphe.
And in Berlin, Chancellor Friedrich Merz will again highlight how Germany has remodeled itself into a beacon of European democracy by laying a wreath at the central memorial for the victims of war and tyranny.
And, symbolically, Russia and President Vladimir Putin will be totally out of lockstep with the rest of Europe, celebrating its Victory Day one day later with a huge military parade on Red Square in central Moscow to mark the massive Soviet contribution to defeat Nazi Germany.
