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Reuters
Reuters
Business

UK says it has settled historic debt to Iran

FILE PHOTO: British Foreign Secretary Liz Truss leaves after an interview in Westminster, London, Britain February 23, 2022. REUTERS/Tom Nicholson/File Photo

Britain has paid a historic debt owed to Iran relating to military equipment, Foreign Secretary Liz Truss said in a statement on Wednesday, which also confirmed the release of British-Iranian dual nationals previously held in Iran

"In parallel, we have also settled the IMS (International Military Services) debt, as we said we would," Truss said in a statement.

"The IMS debt has been settled in full compliance with UK and international sanctions and all legal obligations. These funds will be ring-fenced solely for the purchase of humanitarian goods."

(Reporting by William James; Editing by Kate Holton)

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