Iran Takes US to the ICJ
Economy, Business And Markets

Iran Takes US to the ICJ

A senior official said Sunday Iran has filed a lawsuit against the US at the International Court of Justice over a US Supreme Court ruling which would transfer over $2 billion in frozen Iranian funds to American victims of terror attacks.
“The government has stood strongly against the practice of this ruling because these assets belong to the [Iranian] nation and should be spent for its welfare,” Iran's vice president for legal affairs, Elham Aminzadeh said on Sunday, according to Fars News Agency. Aminzadeh added that Iran “has filed a lawsuit at the International Court of Justice and is pursuing” legal procedures to reclaim the funds. Iran threatened last week to turn to the ICJ at The Hague, saying that the American Supreme Court’s decision amounted to theft.
“We hold the US administration responsible for safeguarding Iranian funds. If they don’t, we will go to the ICJ to seek reparations,” Foreign Minister Mohammad Javad Zarif said last week at a joint news conference with his visiting Macedonian counterpart Nicolas Poposki. The US court ruled two weeks ago that it will hand over nearly $2 billion in Iran’s frozen assets to survivors and relatives of Americans killed in attacks in Lebanon three decades ago and blamed on the Islamic Republic.

Short URL : http://goo.gl/vP61yi
  1. http://goo.gl/dDLqbD
  • http://goo.gl/Qm8CFo
  • http://goo.gl/DcQ9LK
  • http://goo.gl/XM9TbC
  • http://goo.gl/xlqVkd

You can also read ...

Iran’s net hot-rolled coil consumption was 5.6 million tons in 2017, of which 0.8 million tons were imported.
Russia and Kazakhstan are temporarily stepping back on sales...
Europe May Tap Cryptocurrencies to Shield Iran Against US Sanctions
The European Union may opt for digital currencies in its...
EU foreign policy chief, Federica Mogherini, hailed the imposition of the blocking statute on Monday as a “consistent step forward”.
As it races to save the Iran nuclear deal, the European Union...
Colza Production Exceeds Expectations
The government has purchased more than 300,000 tons of colza...
Plastic Production Plant Launched in Chabahar
A factory producing different kinds of plastic products was...
Iranian Banks Downsizing Branches
Iran’s banks and credit institutions have continued the...
Interbank Rate Tweak to Impact Interest Rates
Officials at the Central Bank of Iran have announced the...
Secondary Forex Market: Corruption Loopholes Abound
Two goals set have been set for the recent establishment of...