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April 5, 2023

World Court Rules U.S. Illegally Froze Iranian Assets
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The International Court of Justice ruled the U.S. illegally froze the
assets of Iranian companies, and ordered the U.S. to pay compensation.
But the ICJ also said it did not have jurisdiction over $1.75 billion
from Iran's central bank that's being held at Citibank in New York. Both
Tehran and Washington claimed victory in the rulings from the ICJ, also
known as the World Court. The U.S. froze the assets to serve as
compensation for victims of a 1983 bombing in Lebanon and other attacks
it says were linked to Iran. Though ICJ rulings are binding, there is no
mechanism for enforcing them.


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