Iran says US$1.6 bil claimed by US released in Luxembourg

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President Hassan Rouhani says country had 'freed this money from the Americans' grasp'. FMTNews Iran

President Hassan Rouhani says country has won a legal ‘victory’ against the US. .

In a separate dispute, a New York court in 2012 ordered Iran to pay US$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.Rouhani said in a televised cabinet meeting Sunday that “our central bank, our foreign ministry [have] recently won a very good victory in a legal battle”.

The Luxembourg Court of Cassation had devoted an April 2 hearing to the case of Iranian assets frozen there on a US request, according the investigative news site Paperjam.But Rouhani hailed a victory in a “difficult situation” for Iran, which has been battling the Middle East’s most deadly novel coronavirus outbreak.

But the US, which effectively holds a veto at the IMF, has signalled it has no intention to allow the loan, alleging that Iran would use the money to fund “terror abroad”.

 

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