S.Korea extends Iran sanctions but leaves accounts intact

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South Korea's finance ministry said it said it would keep bank accounts held by the Iranian central bank in Seoul open so as not to distrupt crude oil supply from the Gulf nation that supplies almost 10 percent of its oil needs.

Legislation passed in Washington this week sought to force countries to close the accounts or risk being cut off from the U.S. financial system. (Reporting by Christine Kim)

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News source: Reuters

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