May 3, 2023, 4:55 PM
News ID: 85100726
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Iran says to refer damages case to ICJ if talks with US fail

May 3, 2023, 4:55 PM
News ID: 85100726
Iran says to refer damages case to ICJ if talks with US fail

Tehran, IRNA - Negotiations have not yet started with the United States on how it would pay compensation to the Islamic Republic following a ruling by the World Court that Washington had acted illegally by allowing courts to seize Iranian assets, Iran's Vice-President for Legal Affairs Mohammad Dehqan announced.

“If we do not reach an agreement with the United States, we will refer the case to the Hague Court to determine the amount themselves," Dehqan said on Wednesday.

The International Court of Justice (ICJ) in The Hague ordered Washington in March to pay compensation to Iran after ruling that the seizure of Iranian assets in the United States breached a 1955 treaty between the two countries.

The ICJ did not specify the exact amount, and said Iran and the United States should negotiate the compensation.  

“The Hague Court ruled that Iran and the United States should determine the amount of compensation in negotiations within two years, however, negotiations have not yet begun,” Dehqan noted.

The case before the ICJ was initially brought by Tehran against Washington in 2016.

Last week, Dehqan announced that he and his colleagues had proposed to President Ebrahim Raisi's Administration a time and place for negotiations with the United States on the case.

He said that a proposal submitted to the government has considered the Iran–United States Claims Tribunal (IUSCT) in The Hague, Netherlands, as the venue for holding the settlement negotiations with the US.

**2050

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