17 Jun '16, 4am

#Iran sues US to recover $2Billion in assets

#Iran sues US to recover $2Billion in assets

Iran is suing the United States in international court to reclaim roughly $2 billion frozen in a Citibank account in New York. Two months after the Supreme Court ruled that the money could be made available to American victims of terrorist acts sponsored by Iran, President Hassan Rouhani declared that his country was taking the matter to the International Court of Justice. ADVERTISEMENT The Supreme Court ruling was “baseless,” Rouhani said on Wednesday, according to the Mehr News Agency. “We will not remain silent and accordingly, we handed in our lawsuit against the U.S. court to International Court of Justice and will continue efforts to the extreme,” he said. Iran claims that the U.S. action to bar Tehran from accessing the assets is a violation of a 1955 treaty. It remains unclear whether the United Nations court has jurisdiction over the assets or how the case will pr...

Full article: http://thehill.com/policy/national-security/283805-iran-s...

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