Iran is demanding further “compensation” from the United States following claims America violated the nuclear agreement by passing new sanctions on the Islamic Republic, according to comments by senior Iranian officials following meetings with the Obama administration in Vienna.
The demand for further concessions by the Obama administration comes on the heels of reports that the United States has deflated the total amount of cash, gold, and other assets provided to the Islamic Republic during the past several years. The sum is believed to be in excess of $10 billion.
Iran has threatened to retaliate against the United States in recent weeks following the passage late last year by Congress of the Iran Sanctions Act, or ISA, which will continue to economically penalize Iran for the next 10 years.
The call for further compensation comes just days after the Obama administration was forced to admit that it had been providing Iran with around $700 million in assets every month since the nuclear deal was approved.
Ahead of a series of meetings Tuesday with senior U.S. officials, Iranian Deputy Foreign Minister Abbas Araqchi again accused the United States of violating the nuclear agreement and demanded compensation for the purported breach.
“The extension of the ISA is a breach of the U.S. obligations under the Joint Comprehensive Plan of Action (JCPOA) and must be compensated in an effective way,” Araqchi was quoted as telling reporters in Vienna.
The latest meetings about the nuclear deal were orchestrated by Iranian officials, who remain angry about the passage of new sanctions.
Araqchi made clear on Monday that Tehran is “serious” about retaliating against the United States for its passage of new sanctions, stating the Islamic Republic has already made moves to restart contested work on nuclear powered submarines and other weapons.
The Washington Free Beacon reported on Monday that official estimates about the amount of money awarded to Iran by the Obama administration are actually higher than previously known.
A State Department official told the Free Beacon that it would not prejudge its meetings with Iran when asked if further concessions are on the table.
“While we are not going to prejudge the outcome of any meeting, we will discuss ongoing implementation of the JCPOA as we always do,” the official said.
The total worth of the cash, assets, gold, and bullion given to Iran is in excess of $10 billion, according to Bahram Ghasemi, the spokesman for Iran’s Foreign Ministry.
“I will not speak about the precise amount,” Ghasemi was quoted as saying in Persian language reports independently translated for the Free Beacon.
The $10 billion figure is actually a “stingy” estimate, Ghasemi claimed, adding that the cash and gold sent by Washington to Iran’s Central Bank was subsequently “spent.”
“This report is true but the value was higher,” Ghasemi was quoted as saying.
“After the Geneva conference and the resulting agreement, it was decided that $700 million dollars were to be dispensed per month” by the United States, according to Ghasemi. “In addition to the cash funds which we received, we [also] received our deliveries in gold, bullion, and other things.”
H/T: Free Beacon