The Biden administration renewed a
sanctions waiver against the Iranian regime Wednesday that unlocks billion in previously frozen funds, The
Washington Free Beacon reported. The sanctions waiver, extended for another four months, allows Tehran access to $10 billion in previously frozen Iranian revenues collected from electricity exports, to The Washington Free Beacon, which has viewed the renewal notice. The Biden administration has been for taking a soft-line stance against Iran, such as easing up on sanctions and paying out “ransom” for hostages, in a bid to appease the regime and deter it from acting hostile toward the West, which has not manifested promising results. “Leave it to the Biden administration to be giving access to $10 billion to an Islamist regime that recently killed three
American soldiers, maimed dozens more, has shut down shipping in the Red Sea, is barreling ahead with its
nuclear weapons program and is attacking Israel, America’s closest ally in the Middle East,” Mark Dubowitz, CEO of the Foundation for Defense of Democracies, told the Daily Caller News Foundation. “The Biden administration keeps giving billions of dollars to the Islamic Republic in the hope that it will buy better behavior. It only encourages much greater aggression,” Dubowitz told the DCNF. “When will they learn?” Four members of the US
Congress, , , and , have in a letter to and raised “serious questions” about the Biden admin’s enforcement of
Iran sanctions, calling for explanations about its decision to waive… — Iran International English (@IranIntl_En) The sanctions waiver policy was instituted in 2018 to allow
Iraq – in desperate need of energy – to pay Iran for electricity imports, but on the strict condition that Baghdad would not pay Tehran in cash and that the funds could only be used for humanitarian purposes, according to the Beacon. The Biden administration continued this policy, but in 2023 the funds to be transferred to a bank in Oman to be dolled out to Iran. “This is not the same waiver for Iraqi electricity imports that has been issued since 2018,” Richard Goldberg, senior advisor at FDD, said in a on Wednesday. “This is an Iran sanctions relief waiver that allows Tehran to access money and use it for budget support, including debt payments and import subsidies. That was not allowed prior to last summer.” Several
Republican lawmakers sent a on Monday to Treasury Secretary Janet Yellen and
Secretary of State Antony Blinken demanding to know what the reasoning was behind continuing this policy, especially in light of Iran’s recent aggression in the Middle East. The lawmakers also want to know how much money Iran has directly accessed since sanctions were lifted. Iran and funds over a dozen terror groups throughout the
Middle East region, including Hamas, which killed over 1,200 civilians in Israel on Oct. 7. The regime’s terror network is also responsible for three U.S. troops at a coalition base in Jordan in late January, which prompted retaliatory strikes from the U.S. against targets in Iraq and
Syria. The Biden administration has made several to Iran since President
Joe Biden took office in 2021, including easing up on
Oil that have allowed Tehran to rake in billions of dollars and paying a $6 billion “ ” fee in exchange for five American prisoners unjustly held in the country. The State and Treasury Department did not immediately respond to a request for comment. All content created by the Daily Caller News Foundation, an independent and nonpartisan newswire service, is available without charge to any legitimate news publisher that can provide a large audience. All republished articles must include our logo, our reporter’s byline and their DCNF affiliation. For any questions about our guidelines or partnering with us, please contact .