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Tehran to take measures against US plan to confiscate its assets

Assets of Azerbaijani Armed Forces Assistance Fund rise (01 December 2016 17:46)

Date: 27 December 2015 15:22

Baku, Azerbaijan, Dec. 27

By Khalid Kazimov – Trend:

Reacting to reports on confiscating the Iranian Central Bank’s blocked assets in the US, an Iranian Central Bank official has pledged to follow the case through its lawyer.

Governor of Central Bank Valiollah Seif has said that the Islamic Republic of Iran will take measures against an amicus brief filed in a pending Supreme Court case by the US House of Representatives Dec. 23 backing victims of “Iranian terrorism”, Tasnim news agency reported.

Under the brief, the US will be eligible to confiscate about $1.7 billion of Iran’s blocked assets in the US banks aimed at compensating the American victims of terrorist attacks allegedly linked to the Iranian government in court-ordered damages.

Earlier, Iran’s Foreign Ministry spokesman Hossein Jaberi Ansari also slammed the decision saying if Iran’s assets are seized, Tehran will hold the US government accountable to make up for the losses and pay compensation.

The decision to confiscate Iran’s assets comes while it is expected that billion dollars of Iran's blocked assets abroad would be released after the removal of international sanctions against Tehran. Under a July nuclear deal clinched between the Islamic Republic and world powers, Iran expects the sanctions to be lifted in the first month of the coming year.


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