Iran will not compensate UIA for its jet Tehran shot down Jan. 8 because the Boeing 737-800 was insured by European firms

Iran will not compensate UIA for its jet Tehran shot down Jan. 8 because the Boeing 737-800 was insured by European firms, the head of Iran’s Central Insurance Organisation said Monday, Reuters reports from Tehran. “The Ukrainian plane is insured by European companies in Ukraine and not by Iranian companies,” said Gholamreza Soleimani, according to the Young Journalists Club news website affiliated with state TV. “Therefore, compensation should be paid by those European companies.” A new Boeing 737-800 costs about $100 million. Separately, Iran is negotiating to pay compensation for the 176 passengers killed when an Iranian Revolutionary Guards air defense unit hit the civilian jet with two Russian-made surface-to-air missiles.