President Obama today declared at the White House that "Iran will not get its hands on a nuclear bomb" and that their "tireless" negotiations paid off with several American hostages coming home.
..."So, nuclear deal implemented. American families reunited.
The third piece of this work that we got done this weekend involved the United States and Iran resolving a financial dispute that dated back more than three decades.
Since 1981, after our nations severed diplomatic relations, we’ve worked through a international tribunal to resolve various claims between our countries.The United States and Iran are now settling a longstanding Iranian government claim against the United States government.
Iran will be returned its own funds, including appropriate interest, but much less than the amount Iran sought," Obama said.
That payout to Iran from the United States?
$1.7 billion.
Secretary of State John Kerry said today that the settlement is $400 million debt and $1.3 billion in interest dating back to the Islamic revolution.
That's separate from the sanctions windfall Iran will receive..."
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