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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
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
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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
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.

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Aviation Experts: Russia's Air Defense Fire Likely Caused Azerbaijan Plane Crash

In this photo taken from a video released by the administration of Mangystau region, a part of Azerbaijan Airlines' Embraer 190 lies on the ground near the airport of Aktau, Kazakhstan, on Thursday, Dec. 26, 2024. (The Administration of Mangystau Region via AP)
In this photo taken from a video released by the administration of Mangystau region, a part of Azerbaijan Airlines' Embraer 190 lies on the ground near the airport of Aktau, Kazakhstan, on Thursday, Dec. 26, 2024. (The Administration of Mangystau Region via AP)
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Aviation Experts: Russia's Air Defense Fire Likely Caused Azerbaijan Plane Crash

In this photo taken from a video released by the administration of Mangystau region, a part of Azerbaijan Airlines' Embraer 190 lies on the ground near the airport of Aktau, Kazakhstan, on Thursday, Dec. 26, 2024. (The Administration of Mangystau Region via AP)
In this photo taken from a video released by the administration of Mangystau region, a part of Azerbaijan Airlines' Embraer 190 lies on the ground near the airport of Aktau, Kazakhstan, on Thursday, Dec. 26, 2024. (The Administration of Mangystau Region via AP)

Aviation experts said Thursday that Russian air defense fire was likely responsible for the Azerbaijani plane crash the day before that killed 38 people and left all 29 survivors injured.
Azerbaijan Airlines' Embraer 190 was en route from Azerbaijan's capital of Baku to the Russian city of Grozny in the North Caucasus on Wednesday when it was diverted for reasons still unclear and crashed while making an attempt to land in Aktau in Kazakhstan after flying east across the Caspian Sea.
The plane went down about 3 kilometers (around 2 miles) from Aktau. Cellphone footage circulating online appeared to show the aircraft making a steep descent before smashing into the ground and exploding in a fireball.
Other footage showed part of its fuselage ripped away from the wings and the rest of the aircraft lying upside down in the grass.
Azerbaijan mourned the crash victims with national flags at half-staff across the country on Thursday. Traffic stopped at noon, and signals sounded from ships and trains as it observed a nationwide moment of silence.
Speaking at a news conference Wednesday, Azerbaijani President Ilham Aliyev said that it was too soon to speculate on the reasons behind the crash, but said that the weather had forced the plane to change from its planned course.
“The information provided to me is that the plane changed its course between Baku and Grozny due to worsening weather conditions and headed to Aktau airport, where it crashed upon landing,” The Associated Press quoted him as saying.
Russia’s civil aviation authority, Rosaviatsia, said that preliminary information indicated that the pilots diverted to Aktau after a bird strike led to an emergency on board.
As the official crash investigation started, some experts alleged that holes seen in the plane’s tail section could indicate that it could have come under fire from Russian air defense systems fending off a Ukrainian drone attack.
Ukrainian drones had previously attacked Grozny, the provincial capital of the Russian republic of Chechnya, and other regions in the country’s North Caucasus. An official in Chechnya said another drone attack on the region was fended off on Wednesday, although federal authorities didn't report it.
Mark Zee of OPSGroup, which monitors the world’s airspace and airports for risks, said that the analysis of the images of fragments of the crashed plane indicate that it was almost certainly hit by a surface-to-air missile, or SAM.
“Much more to investigate, but at high level we'd put the probability of it being a SAM attack on the aircraft at being well into the 90-99% bracket,” he said.
Osprey Flight Solutions, an aviation security firm based in the United Kingdom, warned its clients that the “Azerbaijan Airlines flight was likely shot down by a Russian military air-defense system.” Osprey provides analysis for carriers still flying into Russia after Western airlines halted their flights during the war.
Osprey CEO Andrew Nicholson said that the company had issued more than 200 alerts regarding drone attacks and air defense systems in Russia during the war.
“This incident is a stark reminder of why we do what we do,” Nicholson wrote online. “It is painful to know that despite our efforts, lives were lost in a way that could have been avoided.”
Yan Matveyev, an independent Russian military expert, noted that images of the crashed plane's tail reveal the damage compatible with shrapnel from a small surface-to-air missiles, such as the Pantsyr-S1 air defense system.
“It looks like the tail section of the plane was damaged by some missile fragments,” he said.
Matveyev added that it remains unclear why the pilots decided to fly hundreds of miles east across the Caspian Sea instead of trying to land at a closer airport in Russia after the plane was hit.
“Perhaps some of the plane's systems kept working for some time and the crew believed that they could make it and land normally,” Matveyev said, adding that the crew could also have faced restrictions on landing at another venue in Russia.
Caliber, an Azerbaijani news website with good government connections, also claimed that the airliner was fired upon by a Russian Pantsyr-S air defense system as it was approaching Grozny. It questioned why Russian authorities failed to close the airport despite the apparent drone raid in the area. Khamzat Kadyrov, head of Chechnya's Security Council, said that air defenses downed drones attacking the region on Wednesday.
Caliber also wondered why Russian authorities didn't allow the plane to make an emergency landing in Grozny or other Russian airports nearby after it was hit.
Asked about the claims that the plane had been fired upon by air defense assets, Kremlin spokesman Dmitry Peskov told reporters that “it would be wrong to make hypotheses before investigators make their verdict.”
Kazakhstan’s parliamentary speaker, Maulen Ashimbayev, also warned against rushing to conclusions based on pictures of the plane’s fragments, describing the allegations of air defense fire as unfounded and unethical.
Other officials in Kazakhstan and Azerbaijan have similarly avoided comment on a possible cause of the crash, saying it will be up to investigators to determine it.
According to Kazakh officials, those aboard the plane included 42 Azerbaijani citizens, 16 Russian nationals, six Kazakhs and three Kyrgyzstan nationals. Russia’s Emergencies Ministry on Thursday flew nine Russian survivors to Moscow for treatment.