Iran Press/ Iran news: The ICJ, the principal judicial organ of the United Nations, delivered its Judgment in the case concerning Certain Iranian Assets confiscated by the US government.
Iran has told the United Nation’s highest court that Washington’s confiscation of some $2 billion in assets from Iranian state bank accounts to compensate bombing victims was an attempt to destabilize the Iranian government and a violation of international law.
On Thursday, the ICJ ruled that the US seizure of Iranian assets was wrong and ordered Washington to pay compensation to Tehran, the amount of which will be determined later.
The Iranian foreign ministry in its statement on Thursday evening praised the decision as highlighting the legitimacy of Iran's positions and expressing the wrongful behavior of the United States.
"The Islamic Republic of Iran believes that the decision issued by the International Court of Justice shows the solidity of the arguments and rightness of Iran's demand," the foreign ministry statement said.
"In this important decision, the ICJ has rightly rejected all wrong defenses the US presented and stressed that it violated its obligations while it has recognized Iran as the rightful side. Obliging the United States to compensate for the losses [Iran has suffered] is the most important testimony to the legitimacy of the Islamic Republic of Iran's demand," it added.
The Iranian foreign ministry further said that the Islamic Republic of Iran considers the demand for the rights of the Iranian nation as one of its intrinsic duties and will use all diplomatic, legal, and judicial means and methods to secure the rights of the noble Iranian people and the national interests of Iranians.
Judges at the International Court of Justice (ICJ) in The Hague have ruled that Washington had violated international law by allowing the US courts to confiscate nearly two billion dollars in assets from Iranian companies, and ordered the United States to pay compensation, the amount of which will be determined later.
The court also said Washington's freezing of funds belonging to several Iranian individuals and companies, including $1.75 billion from the Central Bank of Iran (CBI), was “manifestly unreasonable.”
The ICJ, however, said that it did not have jurisdiction to rule on the freezing of assets from the CBI.
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