JERUSALEM, Israel – Earlier this month, after Iran’s unprecedented attack on Israel with more than 300 drones, ballistic missiles, and cruise missiles, the White House implemented a $10 billion sanctions waiver for Iran.
While there has been much debate over Iran’s frozen assets, Richard Goldberg of the Foundation for the Defense of Democracies tells CBN News this latest move got little media attention.
In an interview with Goldberg, we asked: “Can you describe what the sanctions waiver is?
Goldberg replied, “Congress passed a series of sanctions laws to put pressure on the Islamic Republic of Iran. One of those laws passed in 2012 basically said you can’t do any business with the energy sector of Iran, period. Iraq happens to be dependent on Iran for electricity. And so we have been giving Iraq a waiver to physically import the electricity. But we made a condition on that waiver. You can’t let Iran get the money.”
Goldberg then explained what’s in the fine print.
“What President Biden has done is change that deal with the Iraqis. And so when he issued these waivers, now he says to the Iraqis, you can now move the money to Iranian bank accounts outside of Iran, in this case
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