The Biden administration will reportedly lift some sanctions on Iran’s illicit oil trade so that Iran, which is the world’s leading state sponsor of terrorism, can access financial assets to pay back its debts to foreign countries.
The Washington Free Beacon reported:
The waiver, signed by Secretary of State Antony Blinken, allows the “transfer of Iranian funds in restricted accounts to exporters in Japan and the Republic of Korea,” according to a notification sent to Congress by the State Department. The waiver allows Iranian money that had been frozen as a result of American sanctions to be freed up without violating the law. “Allowing these funds to be used to repay exporters in these jurisdictions will make those entities whole with respect to the goods and services they exported to Iran, address a recurring irritant in important bilateral relationships, and decrease Iran’s foreign reserves,” the waiver states.
The State Department said that the sanctions waiver was signed to “allow funds held in