US to pay Iran $1.7 bn in debt and interest: Kerry

US to pay Iran $1.7 bn in debt and interest: Kerry, The United States is to accordance Iran a $400 actor debt and $1.3 billion in absorption dating to the Islamic revolution, Secretary of Accompaniment John Kerry said Sunday.The repayment, which settles a clothing brought beneath an all-embracing acknowledged tribunal, is abstracted from the tens of billions of dollars in arctic adopted accounts that Iran can now admission afterwards the end of nuclear sanctions.

But the timing of the announcement, one day afterwards the accomplishing of the Iran nuclear accord, will be apparent as pointing to a broader allowance of the decks amid the old foes.

US President Barack Obama dedicated the adjustment in a televised account from the White House, adage it was for "much beneath than the bulk Iran sought."

"For the United States, the adjustment could save us billions of dollars that could accept been pursued by Iran. There was no account to the United States in boring this out," he said.

Kerry said the affirmation was in the bulk of a $400 actor assurance armamentarium acclimated by Iran to acquirement aggressive accessories from the United States above-mentioned to the breach in adept ties, additional $1.3 billion in interests.

Iranian-US ties bankrupt down in 1979 afterwards revolutionaries -- angered at US abutment for the Iran's deposed autocrat -- stormed the American admiral and took hostages.

In 1981, the Iran-US Claims attorneys was accustomed in The Hague to achieve outstanding debts amid the two countries, and Tehran filed a clothing ambitious the accoutrements transaction be returned.

Kerry declared Sunday's transaction of the 35-year-old assurance as a "fair settlement." But the debt accord anon drew the ire of those in Washington who anticipate the Obama administering had already fabricated too abounding concessions to defended the nuclear deal.

"Lining the pockets of the world's arch accompaniment sponsor of agitation is not a action that will accumulate America safe, and Hillary Clinton should anon adjudge this payment," said a account from Reince Priebus, administrator of the Republican National Committee.

“While it is a abatement to see unjustly captivated Americans alternate home to their families," Priebus said, "the Clinton-Obama nuclear acceding gives Iran too abundant in acknowledgment for too little."

Kerry, in arresting the agreement, said that "Iran's accretion was anchored at a reasonable bulk of absorption and accordingly Iran is clumsy to accompany a bigger attorneys accolade adjoin us, preventing US taxpayers from getting answerable to a beyond bulk of money."

He went on to say all of the US claims adjoin Iran at the attorneys had continued been acclimatized and had netted American companies and individuals $2.5 billion.

But Kerry added there are added Iranian claims awaiting and that the United States would try to accommodate to boldness them.
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