Saturday, April 24, 2010

Britain will pay Iran for broken contract

Britain will have to reimburse with interest Iran for not delivering tanks under a deal signed by the Shah after he was overthrown. Instead, Britain sold the tanks to Jordan and Iraq, supporting Baghdad in its war against Iran. Britain had only delivered a few tanks to Iran when the revolution broke out, and with the hostage crisis, Britain reneged on the deal.
However Iran won't be able to access the released funds because of sanctions put on Tehran by the EU; when the sanctions are lifted the funds will become available.

No comments:

Post a Comment