$1.6 Billion of Iran’s Frozen Assets Released: CBI

$1.6 Billion of Iran’s Frozen Assets Released: CBI ...
ifpnews.com 09/04/2020 News

Keywords:#2015, #CBI, #Central_Bank, #Central_Bank_of_Iran, #Europe, #Governor, #Ifpnews.com, #Iran, #Islamic, #Islamic_Republic, #January, #Luxembourg, #Persian, #September, #September_11, #US, #United_States

Iran’s Central Bank Governor Abdolnasser Hemmati says 1.6 billion dollars of Iran’s assets held abroad have been released.
Hemmati said on Wednesday with the legal follow-ups of the Central Bank, the US effort to seize and transfer the CBI’s funds in Europe was thwarted.
Hemmati underlined that $1.6 billion worth of assets belonging to the central bank at Luxembourg’s Clear Stream, has now been released.
The money had been frozen since January 15, 2015 at the international central securities depository (ICSD).
“By intelligently monitoring the efforts of the United States and taking the lead in legal action, as well as following the judicial proceedings in Luxembourg, two victories were achieved by the Islamic Republic and the Central Bank of Iran at the beginning of the New Persian Year,” he noted.
First, $1.6 billion belonging to the Central Bank was released and then another branch of the Luxemburg’s court issued an interim order not to transfer the same funds to the United States to be distributed among the false claimants of the September 11 incident, underlined Hammati.
Under the US pressure, billions of dollars of Iran’s oil money and other funds are held up in several countries at a time when they are urgently needed to fight the deadly coronavirus.
--- ---

Read more from Source »

Related articles based on keyword density
Korea faces hurdles to do business with Iran...
koreatimes.co.kr 10/02/2014 Economy
By Kang Hyun-kyung Korean exporters may face an uphill battle to regain a foothold in Iran after a temporary nuclear deal, signed between Iran and si...View Details»

US Economic Sanctions Harm Iranians’ Right to Health | HRW...
hrw.org 29/10/2019 Health
US Should Ensure Effective Humanitarian Exemptions Iranians shop at a drugstore at the Nikan hospital in Tehran on September 11, 2018. © 2018 Reuters/...View Details»

Middle East - Security Council debates ending UN sanctions on Iran ...
france24.com 13/03/2015 News
Major world powers have begun talks about a UN Security Council resolution to lift UN sanctions on Iran if a nuclear agreement is struck with Tehran, ...View Details»

Global powers condemn US sanctions against Iran and encourage business...
cnbc.com 11/08/2018 Politics
Despite pleas from key members of the international community, the U.S. re-imposed sanctions targeting the Iranian government's purchase of U.S. ...View Details»

EU to remove CBI sanctions ...
en.mehrnews.com 18/09/2014 Economy
EU to remove CBI sanctions TEHRAN, Sep. 18 (MNA) – An EU court has issued a verdict to remove restrictions imposed upon Central Bank of Iran (CBI) on...View Details»