Iran threatens US with legal action over funds

2016-04-25 20:06


Multimedia   ·   User Galleries   ·   News in Pictures Send us your pictures  ·  Send us your stories

Tehran - Iran threatened on Monday to take legal action in the International Court of Justice against the United States if $2bn in frozen funds are "diverted" to compensate victims of attacks.

On Thursday, Tehran said the US Supreme Court's decision to deduct $2bn from its frozen assets to compensate American victims of "terror" attacks 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," Foreign Minister Mohammad Javad Zarif said.

He was speaking at a joint news conference with visiting Macedonian counterpart Nicolas Poposki.

The US Supreme Court ruled on Wednesday that Iran must hand over nearly $2bn in frozen assets to survivors and relatives of those killed in attacks blamed on 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 Iranian government does not recognise the US extra-territorial law and consider the US court ruling to blockade Iranian funds null and void and in gross violation of the International Law," he said.

The US court's decision comes at a time of hopes for better ties between longtime foes Tehran and Washington, following a nuclear agreement last year between Iran, the United States and five other major powers.

Read more on:    us  |  iran

Join the conversation! encourages commentary submitted via MyNews24. Contributions of 200 words or more will be considered for publication.

We reserve editorial discretion to decide what will be published.
Read our comments policy for guidelines on contributions.

Inside News24


Book flights

Compare, Book, Fly

Traffic Alerts
There are new stories on the homepage. Click here to see them.


Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire network.


Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.