Iran sues US to reclaim its frozen assets

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President Ronald Reagan and First Lady Nancy Reagan pay their respects and tribute to the 13 American civilian and 4 U.S. military personnel victims of the 1983 Beirut embassy bombing . Iran and Its proxy Hezbollah were accused of being behind the bombing. The US Supreme Court ruled two weeks ago that Iran must hand over nearly $2 billion in frozen assets to survivors and relatives of those killed in attacks attributed to the Islamic Republic.
President Ronald Reagan and First Lady Nancy Reagan pay their respects and tribute to the 13 American civilian and 4 U.S. military personnel victims of the 1983 Beirut embassy bombing . Iran and its proxy Hezbollah were accused of being behind the bombing. The US Supreme Court ruled two weeks ago that Iran must hand over nearly $2 billion in frozen assets to survivors and relatives of those killed in the attacks 

A senior Iranian official said Sunday that Iran has filed a lawsuit against Washington 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 powerfully stood against the practice of this ruling because these assets belong to the [Iranian] nation and should be spent for its welfare,” Iranian Vice President for Legal Affairs Elham Aminzadeh said on Sunday, according to the Iranian 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 in The Hague, claiming that the US Supreme Court’s decision amounted to theft.

“We hold the US administration responsible for preservation of Iranian funds and if they are plundered, we will lodge a complaint with the ICJ for reparation,” Iranian Foreign Minister Mohammad Javad Zarif said last week at a joint news conference with his visiting Macedonian counterpart Nicolas Poposki.

The US Supreme Court ruled two weeks ago that Iran must hand over nearly $2 billion in frozen assets to survivors and relatives of those killed in attacks attributed to the Islamic Republic.

These included the 1983 bombing of a US Marine barracks in Beirut and the 1996 Khobar Towers bombing in Saudi Arabia.

The decision affects more than 1,000 Americans.

The official IRNA news agency on Monday cited Zarif as saying in English that if such a ruling were applied, it would be “misappropriation” of Iranian funds.

“We have announced since the beginning that the Iranian government does not recognize the US extraterritorial law and considers the US court ruling to blockade Iranian funds null and void and in gross violation of international law,” he said.

Iranian President Hassan Rouhani also blasted the ruling, vowing to fight the decision.

“That a court or judiciary in a corner of the world wants to decide about the Iranian nation’s rights and properties is fully illegal and against international law and the central banks’ legal immunity,” Rouhani said during a cabinet meeting in Tehran, according to Fars.

“The Iranian nation will stand against this incorrect ruling, and the Islamic Republic and its government will use all their power to restore the Iranian nation’s rights,” he added.

AFP

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6 responses to “Iran sues US to reclaim its frozen assets”

  1. 5thDrawer Avatar
    5thDrawer

    Seems there’s always enough money to hire lawyers. 😉

  2. OH, you mean the 2 billion dollars that was being held in a Italian Bank illegally in the US for Bank Markazi (The Central Bank of Iran). Iran wants to sue the US? The lawsuit wasn’t between the US and Iran, it was between Deborah Peterson and Iran. and Ms. Peterson had every right to go after these funds (that didn’t belong in the US anyway). Iran brought the suit against Ms. Peterson in the Supreme Court AND LOST! Now they want to bring it to another court…. when will this ever end?

    1. 5thDrawer Avatar
      5thDrawer

      Italian ‘Offshore Account’?? :-)))

      1. PatienceTew Avatar
        PatienceTew

        Iran has no more use for the money than N. Korea … they’ll only piss it down some nuclear hole, not benefit their people with it.

      2. Better than turning it over to the Iranian government

      3. No, it was in a Italian Citibank account in New York City.
        You’re probably right though, unlikely that anyone will see a cent of this other than the Lawyers.

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