Iran denounces US court ruling on blocked assets

Image
IANS Tehran
Last Updated : Apr 22 2016 | 5:28 PM IST

Iran on Friday denounced the recent US Supreme Court ruling which allows the families of American victims of terrorist attacks to recover damages from Iran's frozen assets in the US banks.

The US court on Thursday ruled the transfer of nearly $2 billion to the American victims of terrorist attacks, including the 1983 truck bombing of a Marine Corps barracks in Beirut, Xinhua news agency reported.

Investigators of the court concluded that Iran was responsible for that attack, which Tehran has denied.

"The US government knows well that we do not recognise this ruling," Iranian Foreign Minister Mohammad-Javad Zarif said.

"Every measure against Iran's assets should be compensated and they should return Iran's (frozen) assets later," Zarif said.

Iranian foreign ministry said the "US court ruling has mocked (international) law", and "amounts to appropriation of Iran's property in the US".

The assets belong to the Central Bank of Iran, which have been blocked under US sanctions.

--IANS

py/bg

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Apr 22 2016 | 5:18 PM IST

Next Story