President Biden Is Set to Give a $10 Billion Gift to Iran
Jeff Charles
President Joe Biden is teetering on the precipice of doing another lucrative favor for the authoritarian terrorist supporting the government of Iran. The White House is reportedly set to renew a sanctions waiver, a decision that would unlock up to $10 billion in frozen assets for the regime.
This financial boon is supposedly earmarked for humanitarian purposes. However, given Iran’s history, the money is more likely to go towards funding endeavors that are far from humanitarian.
The Biden administration is poised to issue a fresh sanctions waiver for Iran that will grant the country access to upward of $10 billion in frozen assets, providing Tehran with “a financial lifeline” as it foments terrorism across the Middle East, according to a group of GOP lawmakers.
In November, shortly after Hamas’s attack on Israel, the State Department signed off on a sanctions waiver that permits Iraq to transfer multibillion-dollar electricity payments to Iran. The waiver, which grants Tehran access to around $10 billion in frozen funds, is set to expire this month unless the Biden administration renews it.
The waiver would allow Iraq to transfer electricity payments to the Iranian regime. It would be a great benefit for Tehran, granting it substantial resources. House Republicans wrote a letter to Treasury Secretary Janet Yellen in which they argued against the move, arguing that “By waiving the application of sanctions, the Administration is maintaining a financial lifeline for the Iranian regime, even as it continues to support terrorist organizations around the world.”
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https://redstate.com/jeffc/2024/03/12/president-biden-is-set-to-give-a-10-billion-gift-to-iran-n2171309