Top court rejects Iran bid for bank funds frozen in US

By Agence France-Presse

Apr 01, 2023 12:01 am

The Hague, Netherlands: The International Court of Justice (ICJ) on Thursday (Friday in Manila) rejected Iran's bid to unblock nearly $2 billion in central bank assets frozen by the United States, but ruled Washington had illegally seized some other funds.

Judges at the UN's top court said Washington had 'violated' the rights of several Iranian individuals and companies and must compensate them, yet ruled they had no jurisdiction over the bank case, which involved a much larger amount.

An Iranian flag is pictured at the United Nations headquarters in New York, Jan. 8, 2020. The International Court of Justice on Thursday, March 30, 2023, rejected Iran's bid to unblock nearly $2 billion in central bank assets frozen by the United States, but ruled Washington had illegally seized some other funds. XINHUA PHOTO

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