Tag Archives | frozen funds

No Court Verdict Issued on Iranian Assets Freeze

Valiollah Seif, the governor of the Central Bank of Iran (CBI), said a Luxembourg court responsible for freezing $1.6 billion of Iranian assets in the European country has not issued a final verdict on the case yet. Speaking to reporters in Tehran on the sidelines of a cabinet session on Wednesday, Seif pointed to a […]

Luxembourg Court “Dismisses” US Request to Freeze Iran Assets

Valiollah Seif, the governor of the Central Bank of Iran (CBI), said a Luxembourg court has rejected efforts by US to freeze $1.6 billion of Iranian assets in the European country. “A Luxembourg court dismissed the US request for the freeze of $1.6 billion of Iranian assets in its first verdict, and the decision has […]

Iran Dispatches Experts to US to Pursue Assets

Tehran has sent a number of teams to the US to discuss the issue of seizure of the Central of Bank of Iran’s assets by Washington, an official said. Hossein Yaqoubi Miab, director for the international affairs of the Central Bank of Iran, was quoted as saying by Russia’s Sputnik news that the groups of […]

Iran Complains to ICJ over US Seizure of Assets

Iranian President Hassan Rouhani said the country has officially lodged a complaint with the International Court of Justice to reclaim nearly $2 billion in assets seized by the US government. “The government of the Islamic Republic of Iran has officially filed a complaint against the US to the International Court of Justice for the confiscation […]

Bank Mellat to Pursue Damages against Britain

Iran’s Bank Mellat in Talks with Lawyers to Pursue Damages against Britain Iran’s Bank Mellat has held a number of meetings with international lawyers to seek $4-billion damages against Britain after a recent ruling by the European Union’s top court which said the bank’s assets should not have been frozen from 2010. In a recent […]

Iran rebukes Canada for Seizing Iranian Assets

Foreign Ministry spokesman Hossein Jaberi Ansari has rebuked the Canadian government for seizing Iranian assets saying it runs counter to Canadian statement to normalize bilateral relations. He said that based on the reports available, the Canadian Ontario Supreme Court issued a political ruling to confirm a verdict for confiscation of 13 million dollars of Iranian […]

US seizure of Iranian Assets may open Old Wounds

By Fereshteh Sadeghi, for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. More than a month after the US Supreme Court’s ruling that some $2 billion in offshore Iranian assets can be used to compensate families of victims of the 1983 bombing of the US Marines headquarters […]

How Seizure of Iranian Assets will Impact US Ties

By Dr. Ali Omidi, for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. Four ways US seizure of Iranian Assets will impact Bilateral Ties The US Supreme Court ruling to confiscate $2 billion worth of Iranian assets to compensate American victims of terrorist attacks has hit hard […]

How ‘almost nothing’ in DC turned into something in Tehran

By Rohollah Faghihi, for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. When Central Bank of Iran (CBI) Governor Valiollah Seif (pictured) got on a plane to the United States, he could not have imagined that his efforts to help facilitate the implementation of the Joint […]

Who’s to blame for US seizure of $2bn in Iranian assets?

By Arash Karami, for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. After the US Supreme Court ruled April 20 that families of victims of a 1983 terrorist attack in Beirut are allowed access to $2 billion of funds belonging to Iran in a New York […]

Velayati Raps US Ruling to Seize Iran’s Assets

The Head of the Strategic Research Center of Iran’s Expediency Council Ali Akbar Velayati deplored the US decision to seize nearly $2 billion of the Central Bank of Iran’s assets in an American bank, describing the move as an indication of Washington’s “bullying” approach. “The US government’s move to seize $2 billion of Iran’s blocked […]

Rouhani Forms Cmte to Reclaim Money Seized by US

Iranian President Hassan Rouhani has set up a committee to find a way to restore the Central Bank of Iran’s assets, seized by Washington according to a US court order, an Iranian diplomat announced. Speaking at a television talk show on Sunday evening, Iran’s Deputy Foreign Minister Abbas Araqchi (pictured) said the committee is also […]

US “to Be Held Accountable for Iran’s Frozen Assets”

Iranian Foreign Minister Mohammad Javad Zarif on Thursday shrugged off a recent US court ruling to seize Iran’s frozen assets, stressing that Tehran will hold Washington accountable if it refuses to unfreeze the money. The US Supreme Court upheld the Congress and president’s actions to hold Iran financially responsible for the 1983 bombing that killed […]

Kerry Says Iran Has Received Only $3bn Since JCPOA

US Secretary of State John Kerry said Iran has recovered only around $3 billion of frozen assets since it finalized a nuclear deal with six world powers. “Remember the debate over how much money Iran was going to get? Sometimes you hear some of the presidential candidates putting out a mistaken figure of $155 billion. […]

Iran Preparing for Unfreezing of $30bn

By John Lee. PressTV quotes the governor of the Central Bank of Iran (CBI), Valiollah Seif (pictured), as saying that the CBI has started preparation for the much-awaited unfreezing of around $30 billion in Iranian funds but have been frozen in overseas banks as a result of sanctions. Seif said the money could be made available […]

Iran, Azerbaijan Plan Joint Bank

By John Lee. Iran and Azerbaijan are in discussions to set up a joint bank to facilitate financial transactions between the two countries. Iran’s Minister of Communications and Information Technology, Mahmoud Vaezi (pictured), told Azerbaijan’s Trend News Agency that in addition to the joint bank, the countries are also in talks to open branches of […]