Iran Received $10 Billion In Sanctions Relief; Obama Denies Involvement

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Sat, Dec 31 - 4:27 am EST | 11 months ago by
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    Thanks to the Obama administration’s controversial nuclear deal with Iran, Tehran has now received over $10 billion in sanctions relief in the three years since a preliminary agreement was reached, the bulk of the funds coming from shipments of cash and gold that have been deemed potentially problematic.

    Obama’s camp has endeavored to distance itself from the cash and gold transfers, claiming that they came from other countries who unfroze Iranian oil revenues and shipped a portion off to Iran without U.S. oversight, The Wall Street Journal reported.

    However, the White House had to sign off on a series of legal waivers to allow the countries involved to unfreeze the oil money as part of the Obama administration’s agreement to make $700 million monthly payments to Tehran.

    The $10 billion In cash and gold snaked its way through various countries and multiple international bank accounts before finding its way into Tehran’s coffers. The only restriction: none of the cash could include U.S. dollars.

    In addition, the administration also signed off on a $1.4 billion lump sum payment to bridge the gap between the moment the final deal was agreed upon and the date that it took effect.

    Now, some officials have expressed concern that the vast cash transfers to Iran – widely regarded as a leading state sponsor of terrorist activity – could play a role in funding criminal organizations throughout the Middle East.

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