Iran makes fresh attempt to free frozen assets

The Central Bank of Iran
Central Bank of Iran
Ensie & Matthias/Flickr

The Central Bank of the Islamic Republic of Iran (CBI) has launched a fresh attempt to retrieve assets frozen by US courts as a means of compensating victims of terrorism.

The central bank alleges assets worth $4.9 billion plus interest are being held on accounts at Luxembourg-based Clearstream and the Italian bank UBAE, according to a statement by Deutsche Börse, which owns Clearstream. The CBI demands either the restitution of the assets or an equivalent sum in damages.

Deutsche Börse notes

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