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Iran Refuses to Recognize US Supreme Court Recent Ruling

Friday, April 22, 2016

Iran’s foreign minister says the country refuses to recognize a recent ruling by the US Supreme Court, which authorizes the transfer of around USD two billion of frozen Iranian assets to the families of the victims of a 1983 bombing in Beirut.

“As we already said, we do not recognize the court’s ruling and the US government knows this well,” he said, adding, “The US knows this well too that whatever action it takes with respect to Iran’s assets will make it accountable in the future and it should return these assets to Iran.”

The tribunal ordered the sum be paid to the families of the victims of the explosion, which targeted a US Marine Corps barracks in the Lebanese capital, and other attacks blamed on Iran.

The assets belong to the Central Bank of Iran (CBI), which have been blocked under US sanctions.

Mohammad Javad Zarif, also said American officials must be “much more proactive” in assuring other countries that they could do business in Iran without risking penalties from the United States.

“We never asked to have access to US financial system,” Zarif said. “What we asked was to implement the nuclear deal, which requires the United States to allow European financial institutions to have peace of mind for dealing with Iran.”

Zarif acknowledged that the Treasury, which oversees the complex rules of American financial sanctions, had taken steps to carry out the nuclear agreement, “but I don’t think it’s enough.”

“They need a much more proactive approach to just letting people know that they won’t be punished for dealing with Iran,” Iran's foreign minister said.

*Photo Credit: ISNA

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