Jan. 11 (UPI) — Iran mentioned South Korea had made a “massive mistake” by freezing Iranian property, and blamed Seoul for “succumbing to U.S. calls for for ransom” throughout a gathering with a senior South Korean diplomat.

Tasnim Information Company reported Monday that Abdolnasser Hemmati, governor of the Central Financial institution of Iran, mentioned South Korea’s choice to freeze Tehran’s property in two South Korean financial institution accounts, was “unacceptable.” He made the assertion throughout his assembly with Seoul’s Vice International Minister Choi Jong-kun.

In response to Hemmati, South Korea froze Iranian property “for years” and “refused to resolve the problem.” Seoul denied Iran entry to its funds, estimated at $7 billion, after the US strengthened Iran sanctions and withdrew from the Iran nuclear deal.

Choi arrived in Tehran on Sunday to barter the discharge of the MT Hankuk Chemi, a South Korea-flagged tanker seized final week.

South Korean diplomats stationed in Iran mentioned they’ve made direct contact with the crew detained in Bandar Abbas. The ship’s firm contains 5 South Koreans, 11 Myanmarese, two Vietnamese and two Indonesians, in accordance with South Korean newspaper Hankook Ilbo.

Iran has mentioned confiscating the ship was not politically motivated and that Tehran just isn’t serious about negotiating with Seoul on the ship’s launch. Utilizing “judicial procedures,” the ships might be investigated for alleged air pollution at sea, Tehran has mentioned.

On Monday, Hemmati mentioned in 2019 South Korean authorities pledged to work with Iran to unfreeze the sanctioned property, however “nothing was performed,” Iran’s information companies reported.

“Iran has begun authorized motion to safe property,” the Iranian central governor mentioned.

On Sunday, Choi met along with his Iranian counterpart Abbas Araghchi, who accused Seoul of “succumbing to U.S. ransom calls for.” The US’ Iran sanctions are “unlawful and inhumane,” Iran’s vice overseas minister mentioned.

Araghchi additionally mentioned bilateral relations with Seoul will solely transfer ahead when the asset difficulty is resolved, in accordance with South Korea press studies.