Biden Admin Considering Giving Iran Access to Another $10 Billion
The Biden administration — through the State Department specifically — is reportedly considering issuing a waiver to Iran that would allow access to another $10 billion worth of previously frozen cash, this time held in Iraq.
STATE DEPARTMENT MULLING WAIVER TO GIVE IRAN ACCESS TO $10+ BILLION. DECISION TODAY. MORE TK.
— Richard Goldberg (@rich_goldberg) November 13, 2023
This alarming development comes after the Biden administration — in the days before Iran-backed Hamas terrorists launched their October 7 slaughter of Israelis — unfroze billions of dollars for Iran as part of a questionable prisoner swap arrangement. Since that deal was made, Iranian proxies have continued to launch attacks at Israel as well as U.S. troops in the Middle East, wounding dozens of American service members.
More on the inexplicable situation from the Washington Free Beacon and FDD Senior Advisor Richard Goldberg:
The Biden administration may approve a sanctions waiver on Tuesday that will allow Iran to access at least $10 billion in previously frozen funds held in Iraq, a closely watched decision that comes just a month after the Tehran-backed terror group Hamas launched an attack on Israel that left 1,200 dead.
The waiver would extend the multibillion-dollar sanctions relief first issued in July that expires tomorrow. It allows Iraq to transfer frozen electricity payments into Iranian-owned bank accounts in Europe and Oman. The waiver renewal is driving concerns that the Biden administration is maintaining financial avenues for Tehran as the country’s terrorist proxies foment chaos across the Middle East.
“The world is living in a post-Oct. 7 world, but the White House is still running an Oct. 6 policy toward Iran,” Richard Goldberg, a senior adviser at the Foundation for Defense of Democracies and sanctions expert who previously served on the White House National Security Council, told the Washington Free Beacon, referring to Hamas’s attack last month. “Why should Iran have any access to more than $10 billion after sponsoring one of the worst terrorist attacks against American citizens and the worst massacre of Jews since the Holocaust? It would make more sense to freeze all of these accounts and keep every penny out of Tehran’s hands.”
(Read more from “Biden Admin Considering Giving Iran Access to Another $10 Billion” HERE)
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