Sunday, 12 April 2020

Iran says $1.6 bn claimed by US released in Luxembourg

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Iran says $1.6 bn claimed by US released in LuxembourgIran's President Hassan Rouhani said Sunday the country had won a legal "victory" over $1.6 billion of its assets that had long been frozen on a US request in Luxembourg. Tehran and Washington have long been arch enemies and tensions have risen sharply since President Donald Trump in 2018 withdrew from a nuclear accord and reimposed stinging sanctions. In a separate dispute, a New York court in 2012 ordered Iran to pay $7 billion in damages over the September 11 attacks, arguing that it had aided Al-Qaeda by allowing its militants to travel through its territory.




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