TSAMTO, November 12. Iranian Deputy Foreign Minister Ali Bagheri Kyani said that Iran and the UK have reached an agreement in principle to pay Tehran a debt of 400 million pounds ($535 million) for tanks that were not delivered in 1979.
This, as RIA Novosti reports, was reported by the Bloomberg agency.
"The main issue of debt payment and its amount has been agreed, but the issue of the method and process of payment has not yet been resolved," said an Iranian diplomat on a tour of Europe.
As RIA Novosti reminds, the International Court of Justice of the United Nations in 2012 ordered the UK to pay compensation to Iran for the disrupted contract concluded between International Military Services (IMS) and Iran in 1974. Under this agreement, the British company was obliged to supply more than 1,000 tanks to Iran, but due to the revolution in Iran in 1979 and the coming to power of the Islamic clergy, London refused to fulfill the terms of the contract. Tehran still cannot receive compensation. The British authorities claimed that they could not repay the debt because Iran had been under sanctions for a long time.
