London will pay Tehran 400 million: for broken contract of 1974

London and Tehran reached a fundamental agreement on the payment of Iran of debt in the amount of 400 million pounds sterling ($ 535 million) for non-delivery tanks in 1979. This was stated by the Deputy Head of the Iranian Foreign Ministry Ali Baghery Kiyani.

“The main question of debt payment and its level is agreed, but the question of the method and payment process is not yet resolved,” the words of the Iranian diplomat Bloomberg leads.

Tehran requires the payment of compensation for the collaborated contract of 1974, in which the British company International Military Services pledged to put Iran more than one thousand British tanks “Chiften”. However, due to the revolution of 1979 and coming to the power of the Islamic clergy, London ruined the contract unilaterally.

Lights lasted for a long time, but in 2012, the UN International Court of Just ordered the UK to pay Iran with compensation of 400 million feet sterling. However, as the British stated, the recipient of the funds is the Ministry of Defense of Iran, and it is under international sanctions, as a result of which Britain cannot list debt.