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Asharq Al-Awsat
Asharq Al-Awsat
World
London - The Hague - Asharq Al-Awsat

ICJ Rejects Iran's Bid to Release Assets Frozen by US

Iran ICJ United States United Nations the International Court of Justice Citibank Clearstream Loretta Preska Washington D.C. New York
Members of the US and Iranian delegations before the judges of the International Court of Justice in The Hague (AP)

The International Court of Justice (ICJ) has rejected Iran's legal bid to release about $2 billion owned by the Markazi Bank frozen by the US.

The Associated Press reported that the largest part of the case focused on Bank Markazi and its frozen assets of $1.75 billion in bonds and accumulated interest in a Citibank account in New York.

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