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U.S. Issues Sanctions Waiver to Enable $6B Transfer to Iran as Part of Prisoner Swap Deal

  • U.S. issued waiver for banks to transfer $6B in frozen Iranian funds from South Korea to Qatar
  • Part of deal to release 5 Americans detained in Iran
  • U.S. agreed to release 5 Iranians held in the U.S.
  • Waiver allows banks to avoid U.S. sanctions for facilitating transfer
  • Transfer was critical to prisoner swap deal that moved Americans from jail to house arrest
wlwt.com
Relevant topic timeline:
Main Topic: Prisoner exchange between Iran and the United States, involving the release of American citizens held in Iran and the unfreezing of Iranian government assets. Key Points: 1. Five Americans imprisoned in Iran have been placed under house arrest as part of the planned prisoner exchange. 2. The exchange will also involve the release of roughly $6 billion in Iranian government assets blocked under U.S. sanctions. 3. The prisoner exchange negotiations have been ongoing for months, with Qatar and other governments acting as intermediaries.
When $6 billion of unfrozen Iranian funds are wired to banks in Qatar, it will initiate a process of the release of U.S. dual nationals detained in Iran and the homecoming of Iranian prisoners in the U.S., mediated by Qatar.
The Biden administration has issued a waiver allowing $6 billion in Iranian funds to be transferred to Qatar, signaling progress in a deal to free five Americans who have been wrongfully detained in Iran.
The US Secretary of State has authorized the waiver of sanctions to allow for the transfer of $6 billion in Iran oil revenue in exchange for the release of five detained American citizens, with restrictions on how Iran can use the funds.
Senate Foreign Relations Committee Chairman Bob Menendez expressed concerns about the Biden administration's decision to unfreeze $6 billion for Iran in exchange for the release of five U.S. prisoners, stating that it may encourage hostile nations to take more Americans hostage in the future.
Iranian President Ebrahim Raisi claims authority over how the $6 billion in previously frozen funds will be spent, despite U.S. officials stating that the money will be closely monitored and used exclusively for humanitarian purposes as part of the prisoner exchange agreement with the United States.
### Summary The Biden administration issues a waiver allowing banks to transfer $6 billion in frozen Iranian oil funds in an effort to secure the release of American prisoners from Iran; the FDA approves a new coronavirus vaccine targeting the omicron subvariant; Morocco's slow acceptance of foreign earthquake aid raises confusion among foreign officials; the antitrust trial against Google begins, potentially impacting the tech landscape for the next decade; Hurricane Lee poses a threat to eastern New England; and Drew Barrymore is bringing back her talk show amidst the Hollywood strikes.
The Biden administration's decision to carry out a prisoner exchange with Iran, involving issuing a waiver to release $6 billion in frozen Iranian funds, has sparked outrage from Republicans who accuse Biden of paying a ransom to a state sponsor of terrorism.
President Biden is facing criticism from Republicans over a prisoner exchange deal with Iran that grants Tehran access to frozen oil revenues in exchange for the freedom of five imprisoned Americans, a trade-off that previous administrations have also made.
Iran and the United States have been notified that $6 billion in frozen Iranian funds have been transferred to accounts in Qatar, paving the way for a swap of five detainees between the two countries.
Five Americans, who were wrongfully detained in Iran, have been freed and are being flown to Doha as part of a broader deal that includes the US unfreezing $6 billion in Iranian funds, marking a significant diplomatic breakthrough after years of complicated negotiations between the two countries.
Former President Trump criticizes President Biden's deal with Tehran to bring five Americans home from Iranian prisons, stating that he successfully brought 58 hostages home without paying anything and warns that paying for hostages sets a dangerous precedent.
A plane carrying five Americans freed by Iran landed in the United States, marking the conclusion of a prisoner swap deal between the two countries and the release of $6 billion in frozen funds.
Iranian President Ebrahim Raisi says that the release of the five Americans from Iranian detention was prompted by purely humanitarian motives and was an opportunity to show the true face of Iran's humanitarian efforts, as he defends the decision to unfreeze Iranian funds.
Biden administration officials defend transfer of frozen assets to Iran, denying connection between the assets and recent attacks by Hamas on Israel.