Iran to receive $1.7 billion in U.S. claim settlement at the Hague

WASHINGTON (Reuters) - The United States and Iran on Sunday settled a longstanding claim at the Hague, releasing to Tehran $400 million in funds frozen since 1981 plus $1.3 billion in interest, the State Department said.

The funds were part of a trust fund once used by Iran to purchase military equipment from the United States but which was tied up for decades in litigation at the Iran-U.S. Claims Tribunal. The settlement announcement was made after Tehran released five American detainees in a prisoner swap as a nuclear deal was implemented.

(Reporting by David Lawder; editing by Susan Thomas)

Valeurs citées dans l'article : MADE, EQUIPMENT