“There is understanding between Seoul and Washington that Korea is not subject to the new sanction when it comes to non-oil-related areas,” said an official of the Ministry of Foreign Affairs and Trade.
The sanction is applied to both petroleum-related and non-petroleum-related deals between foreign companies and the Iranian central bank, but the law exempts foreign central banks and state-owned foreign banks from the non-petroleum-related businesses."
from joongangdaily.....
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