The Biden Administration announced on Monday that they have agreed to a deal with Iran to swap prisoners and in exchange release $6 billion in frozen Iranian funds. Advertisement In the deal, Iran will release five American citizens detained in Iran and the U.S. will release five Iranian citizens that are being held in the U.S. Additionally, the deal will create a blanket waiver for international banks to transfer $6 billion in frozen Iranian money from South Korea to Qatar without fear of U.S. sanctions. This comes after Secretary of State Antony Blinken signed off on the sanctions waivers last week, which was a month after U.S. and Iranian officials said an agreement in principle was in place. However, Congress was not informed of the waiver decision until Monday, according to the notification obtained by The Associated Press. The transfer of the $6 billion was the key part of the deal, which saw four of the five American detainees transferred from Iranian jails into house arrest last month. Several European countries stayed away from the deal, due to multiple U.S. sanctions on foreign banks that engage in transactions aimed at benefiting Iran.
Experts of the deal anticipate that the detainees will be released sometime next week. The American prisoners involved in the deal include Siamak Namazi, who was detained in 2015 and was later sentenced to 10 years in prison on internationally criticized spying charges. Emad Sharghi, a venture capitalist sentenced to 10 years, and Morad Tahbaz, who was arrested in 2018 and given a 10 year sentence, and the fourth and fifth prisoners were not identified in the deal.
The sanctions waiver applies to banks and other financial institutions in South Korea, Germany, Ireland, Qatar and Switzerland. Bailey: Thanks to Joe Biden and the democrats this $6B will help the Iranians develop Nuclear weapons to kill Americans with. |
Tuesday, September 12, 2023
Biden Admin Agrees To Prisoner Swap Deal With Iran, Releases $6B In Frozen Iranian Funds
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