Iran is taking a government-owned British company to the High Court over purchased weaponry that was never delivered.
According to a report by The Independent, Tehran is pushing for six hundred fifty seven million dollars in compensation. The dispute goes back to 35 years ago when the deposed... Show More >>Iran is taking a government-owned British company to the High Court over purchased weaponry that was never delivered.
According to a report by The Independent, Tehran is pushing for six hundred fifty seven million dollars in compensation. The dispute goes back to 35 years ago when the deposed Shah of Iran paid the International Military Services 1 billion dollars for Chieftain battle tanks and repair vehicles. The arsenal was, however, not fully delivered, as a result of the 19-79 Islamic Revolution. A spokesman for the British Ministry of Defense has said that they hope a settlement could be reached before legal proceedings begin. He also said no money will be paid to Iran while the EU sanctions remain in place. The European Union Council has already suspended part of the sanctions following the interim nuclear deal between Tehran and world powers in November 2013.
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