{"id":3317,"date":"2022-05-21T06:52:33","date_gmt":"2022-05-21T06:52:33","guid":{"rendered":"https:\/\/momstime.org\/en\/?p=3317"},"modified":"2022-05-21T06:52:33","modified_gmt":"2022-05-21T06:52:33","slug":"315-luxembourg-2","status":"publish","type":"post","link":"https:\/\/karimilawfirm.com\/en\/news-en\/315-luxembourg-2\/","title":{"rendered":"IRAN HAD WON A LEGAL “VICTORY” OVER $1.6 BILLION OF ITS ASSETS THAT HAD LONG BEEN FROZEN ON A US REQUEST IN LUXEMBOURG."},"content":{"rendered":"

IRAN\u00a0HAD WON A LEGAL “VICTORY” OVER $1.6 BILLION OF ITS ASSETS THAT HAD LONG BEEN FROZEN ON A US REQUEST IN LUXEMBOURG.<\/h1>\n

\n

Iran’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.<\/p>\n

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.<\/p>\n

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.<\/p>\n

Iran has rejected the accusation and refused to pay the money.<\/p>\n

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”.<\/p>\n

“$1.6 billion of our money was in Luxembourg and the Americans had put their hands on it,” he said.<\/p>\n

After trying for months, “we succeeded some days ago and freed this money from the Americans’ grasp,” he declared.<\/p>\n

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.<\/p>\n

The court is yet to make its decision public.<\/p>\n

But Rouhani hailed a victory in a “difficult situation” for Iran, which has been battling the Middle East’s most deadly novel coronavirus outbreak.<\/p>\n

COVID-19 has so far killed over 4,400 people and infected more than 71,600 in the Islamic republic, according to official health ministry figures.<\/p>\n

Sanctions-hit Iran has requested a $5 billion emergency loan from the International Monetary Fund to battle the outbreak.<\/p>\n

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”.<\/p>\n

Tehran in 2017 unsuccessfully attempted to repatriate the $1.6 billion frozen in the Clearstream clearing house, a financial company based in Luxembourg.<\/p>\n

A judge denied the demand at the time and ruled that the assets would remain temporarily frozen in the small EU nation.<\/p>\n

Billions of dollars in Iranian assets were also frozen in the US and Europe as part of efforts to push Tehran into a nuclear deal with world powers, which was finally signed in July 2015.<\/p>\n

Trump in 2018 withdrew from the so-called Joint Comprehensive Plan of Action and reimposed tough sanctions that have severely damaged Iran’s oil sector and its wider economy.<\/p>\n

\n

Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

IRAN\u00a0HAD WON A LEGAL “VICTORY” OVER $1.6 BILLION OF ITS ASSETS THAT HAD LONG BEEN FROZEN ON A US REQUEST IN LUXEMBOURG. Iran’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 […]<\/p>\n","protected":false},"author":4,"featured_media":3318,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"default","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"default","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[1],"tags":[],"class_list":["post-3317","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-en"],"yoast_head":"\nIRAN HAD WON A LEGAL "VICTORY" OVER $1.6 BILLION OF ITS ASSETS THAT HAD LONG BEEN FROZEN ON A US REQUEST IN LUXEMBOURG. - Karimi law firm<\/title>\n<meta name=\"description\" content=\"IRAN HAD WON A LEGAL "VICTORY" OVER $1.6 BILLION OF ITS ASSETS THAT HAD LONG BEEN FROZEN ON A US REQUEST IN LUXEMBOURG. 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