Worthy Christian News » World News » US Helping Iran Access Billions in Frozen Funds
(Worthy News) - The Obama administration is helping Iran access billions of dollars in funds that are tied up in international banks across the globe by rewriting regulations and other measures, according to testimony Tuesday by a top U.S. official, who admitted that these assets could be used to fund terrorism.
The United States has been engaged in an effort to ease longstanding financial restrictions on Iran and has taken steps to aid the Islamic republic as it seeks to access billions of dollars in frozen assets, some of which could be used to fund the country’s global terrorist enterprise, a top State Department official testified to Congress.
The disclosure of this effort comes amid reports that the Obama administration is pursuing a plan that would grant Iran unprecedented access to the U.S. dollar and American financial markets, a move the administration had vowed would not take place under the comprehensive nuclear agreement. [ Source ]