Biden Admin Extends Sanctions Waiver Freeing $10 Billion for Iran

The Biden administration is extending a sanctions waiver that will allow Iran continued access to $10 billion in previously frozen assets, The Associated Press reported Tuesday.

The four-month extension will allow Iran continued access to $10 billion in electricity revenue previously frozen for humanitarian aid. seconds in the PA. Critics of the Biden administration have said that giving Iran access to frozen funds will free up money in Tehran’s cash reserves and allow them to continue sponsoring terrorism.

The sanctions waiver will authorize Iraq to continue buying electricity from Iran and give Tehran access to the billions in payments currently stored in Iraqi banks, according to the AP. The Biden administration assured that Iran has spent only a small amount of the existing $10 billion and that it can only be used for humanitarian aid.

The Iran policy of the Biden administration is completely out of touch with reality. It takes a uniquely warped ideology to believe that it is in America’s interest to give Iran $10 billion a month after the worst massacre of Jews since the Holocaust. wrapping

— Richard Goldberg (@rich_goldberg) November 14, 2023

So does the Biden administration released increased $6 billion in previously frozen Iranian oil revenues in September as part of a hostage-negotiation deal that resulted in the release of five American prisoners. Foreign policy experts have it criticized the Biden administration to allow Iran to access frozen funds as it frees up its cash reserves for other purposes.

“The Biden administration is doubling down on giving $10 billion in sanctions relief to Iran,” said Richard Goldberg, senior adviser to the Foundation for Defense of Democracies. said on Tuesday X. “Money is fungible. This is 100% budget support for the world’s leading state sponsor of terrorism.”

Iran supports several terrorist groups to carry out its will, including Hamas, which killed more than 1,400 civilians in attacks against Israel that began on October 7. Iranian-backed militias have launched 46 attacks against US troops against US troops stationed in the Middle East since the October 7 attacks by Hamas.

The State Department did not immediately respond to a request for comment.

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