President Joe Biden reportedly waived sanctions following the Democrats’ election losses last month that gave the Islamic Republic of Iran — the world’s leading state sponsor of terrorism — access to billions of dollars of frozen assets.
The Free Beacon obtained a copy of the non-public order transmitted to Congress from the State Department that claimed it was “in the national security interest of the United States” to allow Iran to access the $10 billion that had been frozen.
The report said:
The Biden State Department tweaked the waiver last year to allow Tehran to convert the funds from Iraqi dinars to euros, then hold those euros in bank accounts based in Oman. Access to a widely traded currency like the euro enables Iran to more easily spend the cash in international markets. Under the first Trump administration, Iran had to keep the cash in an escrow account in…
