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Iranian authorities have demanded payment of $6 billion from South Korea for oil sold to the country in recent years. According to unnamed sources, the South Korean government deposited the funds into two South Korean banks, but has since been unable to transfer the money to Iran because of US sanctions.

Sanctions Block Pending Oil Payments for Iran from South Korea

Iranian authorities have demanded payment of $6 billion from South Korea for oil sold to the country in recent years. According to unnamed sources, the South Korean government deposited the funds into two South Korean banks, but has since been unable to transfer the money to Iran because of US sanctions.

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