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US Denies Paying $400m Ransom To Iran

Barack-Obama2United States president, Barack Obama’s administration has denied the 400 million dollars in cash paid to Iran, soon after the release of 5 Americans detained by Tehran, was ransom, as some Republicans have charged.

At the time, the US said it had settled a longstanding Iranian claim at the Iran-U.S. Claims Tribunal in The Hague, releasing 400 million dollars in funds frozen since 1981, plus 1.3 billion dollars in interest that was owed to Iran.

The funds were part of a trust fund Iran used before its 1979 Islamic Revolution to buy U.S. military equipment that was tied up for decades in litigation at the tribunal.

Source: radioxyzonline.com

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