NCRI Iran News | Terrorism and Fundamentalism
Luxembourg Court Ruling & Iran's Concerns
- Tuesday, 14 March 2017 07:55
NCRI - Le Monde published a piece on Iran’s frozen $1.6 billion in Luxembourg banks.
Iran, facing numerous obstacles in its path to establish links with European banks, is angry of its revenue being blocked in such methods. A cat and mouse game and 10-year dispute pursued by a number of American lawyers against Iran’s Central Bank has now spread to Europe.
From 20 years ago American courts have registering $50 billion in compensation so far through issuing rulings in response to terrorist attacks related to the Lebanese Hezbollah, an ally of Iran.
The response of the Iranian regime’s elements and media continues on the confiscation of this $1.6 billion.
“The government must confiscate $1.6 billion of Luxembourg’s assets. Plundering Iran’s assets are against the fundamental principles of international relations,” said Hossein Ghazizadeh, a member of the Iranian parliament’s board of directors. “This government began decreasing tensions, yet we are witnessing increasing hostile action by the U.S. during this period. Currently our strategy is peace through showing weakness.”
Iran’s Central Bank chief attempted to hold the government of former Iranian president Mahmoud Ahmadinejad responsible.
“In the previous government we had the opportunity to transfer these assets prior to being frozen. However, for some reason they failed to take that opportunity,” Valiollah Seif said to the semi-official Tasnim news agency.
A state-run website also blamed the Ahmadinejad cabinet and wrote, “We are still cleaning up the aftershocks of that government’s miscalculated decisions.”
“It is very strange that the U.S., which has violated all international laws, seeks to confiscate assets of the Central Bank while this entity enjoys immunity,” said Iranian Economic Minister Tayeb Nia.
“The U.S. court’s ruling regarding the Central Bank’s assets in Luxembourg is in violation of all international laws,” Tayeb Nia added.
Another state-run website wrote in this regard, “The story continues. The U.S. continues to press on its position and now… it is begging a court in Luxembourg to implement its own illegal measures.”
