Iran may tap sovereign fund to pay compensation for downed jet: Report
Iran may decide to use its sovereign wealth fund to pay compensation for a Ukrainian airliner that was downed near Tehran early this year amid high military tensions with the United States.
The semi-official ISNA news agency said that Iranian authorities had proposed to tap the National Development Fund (NDF) to pay nearly $200 million in compensation for the plane which was shot down just after it took off from an airport near Tehran on January 8, killing all 176 people onboard.
“Of course this issue is not final and if the proposal is approved, its details will be decided by what is included in the budget bill,” said the report as it made a reference to preparations for concluding a fiscal law governing the next Iranian calendar year beginning March 19, 2021.
The report cited sources from the Iranian insurance industry who said that compensation for passengers and the Boeing 737 plane that belonged to Ukraine International Airlines could amount to $150 million.
However, the report said government authorities have estimated that the compensation that would be offered to Ukraine would amount to nearly $200 million.
It said that any decision on tapping the NDF for the compensation would need the approval of the Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei.
That comes as a domestic investigation into the case have yet to shed light on the real causes of the downing of the Ukrainian plane, an incident that took place hours after Iran fired missiles at an Iraqi military base hosting American forces.
The missile attack came in response to a fatal airstrike by the US on January 3 targeting the convoy of Iran’s top general Qassem Soleimani and his Iranian and Iraqi companions.
Iran releases details of confiscated Israeli transit cargo
Opportunities of 25-year partnership for Iran and China
Sri Lankan sailors rescued in stormy waters in south Iran
North Korea: US military drills drive regional security into turmoil
UN agency chief for Palestinians urges probe into staff killings
200 days of Israeli war on Gaza and 200 headlines whitewashing genocide
VIDEO | 200 days of US-Israeli genocide
Iran’s security chief in Russia to underline Israel’s aggression
VIDEO | Smoke rises from Gaza as fighting continues
ICRC decries escalating Israeli raids across occupied West Bank
Israel still prevents food convoys from reaching north of Gaza: UNRWA
This makes it easy to access the Press TV website
