Iran Using Billions Under Sanctions Waiver
By Stefan J. Bos, Chief International Correspondent, Worthy News
TEHRAN/WASHINGTON (Worthy News) – Iran’s leadership, which seeks the destruction of Israel, has been using billions under a sanctions waiver that was granted to the Islamic Republic last month, officials admit.
Officials of U.S. President Joe Biden have acknowledged that Iran made two “transactions” using money held in a bank in Oman since the waiver was granted to the Islamic Republic last month.
Speaking Wednesday at a hearing of the U.S. House Financial Services Committee, Elizabeth Rosenberg, an assistant treasury secretary, said that Iran spent part of $10 billion of revenues for selling electricity to Iraq, which was held in an Omani escrow account.
Representative Bill Huizenga, a Republican and chair of the House Financial Services Subcommittee on Oversight and Investigations, asked Rosenberg: “Have there been any humanitarian transactions facilitated from the Iranian funds held in Oman?”
“There have been two transactions,” confirmed Rosenberg, assistant secretary for terrorist financing and financial crimes at the U.S. Treasury Department. She added that she would only provide additional detail about those transactions in a classified setting.
Wednesday’s hearing appears to be the first acknowledgment by the Biden administration that Iran has spent part of the funds it received under these sanctions waivers.
FACING PRESSURE
Rosenberg did not say when the transactions took place.
However, the Biden administration has faced increasing pressure from both Republicans and Democrats following the Hamas October 7 terror attacks in Israel.
Legislators want Biden to freeze the billions of dollars in Iranian funds that were allowed to be transferred to banks in Qatar and Oman under sanctions.
The Biden administration has been under increasing pressure from both Republicans and Democrats after the Hamas October 7 attacks.
They want Biden to freeze billions of dollars in Iranian funds that were allowed to be transferred to banks in Qatar and Oman under sanctions waivers.
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