Sunday, January 17, 2016

US to Pay Iran $1.7 Billion for Debt, Interest from 1979

Another unexpected part of the Iran deal came into focus as the US pledged to pay $400 million in seized assets plus $1.3 billion in interest dating back to the 1979 Islamic Revolution.

Yahoo News covered the event.

In 1981, the Iran-US Claims tribunal was established in The Hague to settle outstanding debts between the two countries, and Tehran filed a suit demanding the arms payment be returned.

Kerry described Sunday's payment of the 35-year-old trust as a "fair settlement," but it is sure to draw the ire of those in Washington who think he had already made too many concessions to secure the nuclear deal.

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