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23 January 2022 - 11:33
Envoy announces return of Iran’s voting right at UN

Iran's Permanent Ambassador to the United Nations Majid Takht-Ravanchi announced the return of Iran’s voting right at this international organization.

Iran's arrears have been paid to the United Nations and as soon as Iran’s debt of its membership fee at the UN is collected in New York, Iran’s voting rights should naturally resume on Monday of the current week, Takht-Ravanchi said.

Iran has paid its dues to the United Nations with the country's funds frozen in South Korea in a move to immediately restore its voting power, Seoul's finance ministry said Sunday.

Iran has more than US$7 billion in funds for oil shipments frozen at two South Korean banks -- the Industrial Bank of Korea and Woori Bank -- due to US sanctions.

The US reimposed the sanctions on Iran in 2018 when then US President Donald Trump pulled out of a 2015 landmark nuclear agreement with Iran and five major world powers.

The South Korean Ministry of Economy and Finance said $18 million, part of the delinquent fees, was paid to the UN on Friday, using the Tehran assets frozen in South Korea after consultations with related organizations, including the U.S. Office of Foreign Assets Control and the UN Secretariat.

"Iran's right to vote at the General Assembly is expected to be restored immediately with the payment," the ministry said in a statement.

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