MP urges foreign ministry, judiciary to pursue Iran’s frozen assets

TEHRAN (Tasnim) – A senior lawmaker called on the country’s foreign ministry and judiciary to take proper measures to recoup billions of dollars in frozen overseas assets.

“In order to reclaim the lost rights of the country, the international law department of the judiciary and the legal affairs office of the foreign ministry need to have a strong presence in the international arenas so that Iran could get back its rights and assets through legal channels,” Hossein Naqavi Hosseini told the Tasnim News Agency on Sunday.

The parliament member said that the country’s previous parliaments had established a committee and tasked it to pursue the nation’s rights and assets at the international scene.

Focusing on the rights to be followed up at international legal circles, he referred to a garden in northern Tehran that has been used by the British embassy for decades, called Baq-e Qolhak, against both the Iranian and international laws.

At the beginning of 2012, the United States and the European Union passed new sanctions on Iran’s oil and financial sectors with the goal of preventing other countries from purchasing Iranian oil and conducting transactions with the Central Bank of Iran that collects revenue from oil sales. The sanctions came into force in early summer 2012.

Recently, there has been talk of a plan that would allow Iran to recover billions of dollars in frozen overseas assets in the US, which some put at between $50 to $75 billion, if it takes steps to scale back its nuclear program.

Iran has also frozen assets in Europe and other continents as a result of their pursuing of the US-led banking sanctions against the Iranian peaceful nuclear program.

By Tasnim News Agency


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