Iran sues US to recover $2 billion in assets

Iran sues US to recover $2 billion in assets
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Iran is suing the United States in international court to reclaim roughly $2 billion frozen in a Citibank account in New York.

Two months after the Supreme Court ruled that the money could be made available to American victims of terrorist acts sponsored by Iran, President Hassan Rouhani declared that his country was taking the matter to the International Court of Justice.

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The Supreme Court ruling was “baseless,” Rouhani said on Wednesday, according to the Mehr News Agency.

“We will not remain silent and accordingly, we handed in our lawsuit against the U.S. court to International Court of Justice and will continue efforts to the extreme,” he said.

Iran claims that the U.S. action to bar Tehran from accessing the assets is a violation of a 1955 treaty.

It remains unclear whether the United Nations court has jurisdiction over the assets or how the case will proceed.

In April, the Supreme Court ruled that the $2 billion in assets could be handed over to more than 1,000 victims and family members of victims of terrorist acts, who have filed suits accusing Tehran of supporting the violence.

Among the litigants are victims and families of the 1983 bombing of a Marine barracks in Lebanon and the 1996 attacks on Saudi Arabia’s Khobar Towers.