Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Israeli media: At least two soldiers killed by anti-tank missile fired at Israeli army forces in the Gaza Strip
Local Syrian sources: Mortar shells fell on more than nine villages in the Sweida countryside
Local Syrian sources: Dozens of dead and wounded have arrived at Sweida hospitals as a result of ongoing clashes at several locations in the western Sweida countryside
Local sources: Civilians, including children and women, were injured in the al-Maqous neighborhood of Sweida, in Syria, as a result of ongoing clashes
Israeli media outlet: Security incident reported in the Gaza Strip
Iranian Foreign Ministry spokesperson: No new date or venue has been set for the meeting between Araghchi and Witkoff, and no negotiations will take place until the outcome is guaranteed
Palestinian platforms: Settlers storm Al-Aqsa Mosque complex under the protection of the occupation police
Palestinian platforms: The IOF detonated a booby-trapped robot east of the al-Zaytoun neighborhood, south of Gaza City
Syrian Defense: We call on all parties in Sweida to cooperate with security forces and exercise restraint
Al Mayadeen's correspondent: The Lebanese Army is continuing its investigations and will later announce any information that does not affect the confidentiality of the investigation

Iran launches legal battle at UN to free billions stolen by US

  • By Al Mayadeen English
  • Source: Agencies
  • 19 Sep 2022 08:20
  • 2 Shares
4 Min Read

Tehran opens a UN fight today at the UN to unfreeze billions of financial assets and those of Iranian firms, usurped by the US.

  • x
  • Iran opens its legal battle before the UN's top court Monday.
    Iran opens its legal battle before the UN's top court Monday.

Monday marks the beginning of Iran's legal struggle before the UN's highest court to unfreeze billions of dollars in US assets.

The appeal before the International Court of Justice comes as expectations of renewing a landmark agreement – from which former US President Donald Trump withdrew in 2018 – dwindle.

Tehran petitioned the International Court of Justice (ICJ) in 2016 after the US Supreme Court ordered the freezing of $2 billion in Iranian assets over unfounded, trumped-up accusations.

Iran, on the other hand, argued that the freezing of assets violated the 1955 Treaty of Amity with the United States.

Tehran accuses the US of usurping Iranian financial assets and those of Iranian firms, and with Iran overburdened with economic difficulties as a result of sanctions and skyrocketing consumer costs, it is critical for the country to retrieve its financial rights.

Washington has attempted unsuccessfully to invalidate the lawsuit by claiming that Iran's "unclean hands" should disqualify its lawsuit to reclaim the $2 billion in assets.

Frozen funds

Related News

Supreme Court clears fast-track deportations to random third countries

China-US trade falls 10.4% in H1-2025 to $289.36 billion

Earlier in July, Iranian Deputy Foreign Minister and chief negotiator Ali Bagheri Kani stressed that South Korea must immediately free the frozen Iranian assets that have been blocked there for years, highlighting the importance of Tehran gaining access to its blocked funds.

"The Iranian gov't and people expect the new administration to immediately unfreeze our assets to provide a basis for improving bilateral ties," Bagheri Kani told First South Korean Vice Minister of Foreign Affairs Cho Hyun-dong in a phone call.

Iran has frozen funds and assets in several countries, including South Korea, but the latter has been closely working with Washington and waiting for a permit from there to repay its debt to the Islamic Republic.

South Korea and other US allies continue to follow US dictations of suspending trade with the Islamic Republic and refusing to pay their debts to Iran, which are largely for oil.

Nuclear talks in "stalemate"

The late US administration, led by President Donald Trump, effectively broke the Joint Comprehensive Plan of Action (JCPOA) by abandoning it and began reimposing sanctions, in addition to implementing additional bans under alternative labels, prompting Tehran to roll back its commitments made under the pact, the Joint Comprehensive Plan of Action, or JCPOA.

EU foreign policy chief Josep Borrell told AFP on September 14 that the JCPOA negotiation talks intended to lift sanctions on Iran and bring the US back into the nuclear deal are in a "stalemate".

"I am afraid that with the political situation in the US, and so many directions without being conclusive, now we are going to stay in a kind of stalemate," Borrell said.

Over the past year and a half, efforts have been mobilized to revive the JCPOA deal after then-President Donald Trump, with encouragement from then-Prime Minister Benjamin Netanyahu, had America withdraw from it in 2018 - stating that the agreement was "a horrible one-sided deal that should have never, ever been made," claiming that "it didn't bring calm, it didn't bring peace, and it never will."

The consequences of this quickly ensued with Iran revoking some of its commitments by turning off monitoring cameras operated by the UN nuclear watchdog, the International Atomic Energy Agency (IAEA). It also increased its stock of enriched uranium but only to fulfill the country's electricity and power needs, according to AEOI spokesperson Bahruz Kamalvandi.

Read next: Tehran to announce its take on JCPOA deal after examining US response

  • Iran
  • United Nations
  • United States

Most Read

Hezbollah SG reveals war details on Al Mayadeen for the first time

Hezbollah SG reveals war details on Al Mayadeen for the first time

  • Politics
  • 8 Jul 2025
Major ambush in Gaza kills 6 Israeli troops, injures dozens

Major ambush in Gaza kills 5 Israeli troops, injures 14

  • Politics
  • 8 Jul 2025
Israeli soldiers are seen in Beit Hanoun ahead of an operation by the al-Qassam Brigades, undated (Al-Qassam Brigades Military Media)

'Israel' on blast as media exposes report discrepancies in Gaza ambush

  • Palestine
  • 8 Jul 2025
Yemen Navy sinks ETERNITY C ship, shares footage of operation

Yemen Navy sinks ETERNITY C ship, shares footage of operation

  • Politics
  • 9 Jul 2025

Coverage

All
The Ummah's Martyrs

Read Next

All
The Freedom Flotilla ship Handala as it departs for Gaza, where it aims to break the maritime blockade at a port in Syracuse, Sicily in southern Italy on July 13, 2025. (AFP)
Palestine

Freedom Flotilla's Handala departs Sicily in bid to break Gaza siege

The container ship CMA CGM Laperouse, left, docks at the Georgia Ports Authority's Port of Savannah, Sept. 29, 2021, in Savannah, Ga (AP)
Politics

US shipbuilding woes deepen as tariffs, outdated policies backfire

Gaza war raises ethical questions for ex-Obama, Biden officials
Politics

Mercenary firm tied to Gaza war crimes hires Obama-Biden PR operatives

'Israel' targets children in Gaza collecting water
Palestine

'Israel' strikes Gaza kids fetching water, blames it on 'malfunction'

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS