Iran will have immediate access to billions of dollars in cash the day a new nuclear deal is signed, money that will go to Tehran’s main terrorist organizations before Congress has a chance to review the deal. agreement, former senior US officials and experts told the Free Washington Beacon.
Sanctioned entities linked to Iran’s Islamic Revolutionary Guard Corps (IRGC) – the country’s paramilitary fighting force that attempts to assassinate US officials – will receive a massive influx of cash when the agreement is signed. OK. The Biden administration will also release some $7 billion in frozen assets tied to IRGC funding “before a single day of congressional review,” said Richard Goldberg, Iran’s former WMD director. at the White House National Security Council. Free tag.
“As Iran actively tries to assassinate former US officials and kidnap Iranian Americans, the Biden administration is offering Iran billions in IRGC sanctions relief before a single day of review by Congress,” Goldberg said. Other former US officials who worked on the Iran portfolio estimate that about 172 sanctions will be lifted before the deal goes to Congress.
As the Biden administration and its European allies move closer to securing a revamped version of the 2015 nuclear deal, former officials like Goldberg say Iran’s global terror enterprise should receive a blow an immediate boost in cash and weight as sanctions that have crippled Tehran’s militant operations are lifted before Congress has a chance to exercise its legal mandate to review and approve the deal. This day-one sanctions relief is part of a package of concessions crafted by the United States to assure Iran that it will have access to hard currency even if Congress rejects the deal and pushes for the continuation of the deal. sanctions against the extremist regime.
While the Biden administration is not allowed to lift the sanctions until Congress considers the deal, the White House is reportedly considering a workaround that will go into effect the moment the deal is signed. President Joe Biden should rescind three Trump administration executive orders that authorized sanctions against entities linked to Iran’s IRGC, according to former US officials and a recent policy analysis released by the Foundation for Defense of Democracies (FDD), a non-partisan think tank.
Presidential decrees have authorized sanctions against Iran’s financial institutions, its petrochemical and automotive sectors, and its manufacturing industry, as well as its mining, construction and textile sectors. If Biden reverses these sanctions, a large chunk of cash will become immediately available.
This includes $7 billion in funds parked in international accounts that “apparently will be released prior to congressional review pursuant” to the Iran Nuclear Deal Review Act, or INARA. The law passed Congress overwhelmingly in 2015 after the Obama administration signed the original agreement without consulting the legislature.
Iran’s National Oil Company and Central Bank will be ready to receive these funds once the sanctions are lifted. Both entities are under anti-terrorism sanctions for their funding of the IRGC’s Al-Quds Force, which orchestrates terrorist attacks across the Middle East. Later in the agreement, the terrorism sanctions against these two entities will be lifted.
“Since this publication is clearly linked to the negotiations on the nuclear agreement, the publication of a [sanctions] waiver before submitting the agreement to Congress would be an even more brazen circumvention of INARA”, according to the analysis of the FDD.
The Iranian sectors that stand to benefit from this sanctions relief generate around 20-25% of Tehran’s GDP and 62-73% of its non-oil exports, according to the FDD. “Reversal of these decrees could give Iran sanctions-free access to at least $30 billion in annual export revenue, or more than $13.5 billion over the 165-day period of the agreement. provisional, this figure increasing after the lifting of sanctions”, predicts the foundation. .
The initial $7 billion in cash – which will later be accompanied by around $1 trillion in sanctions relief if the deal is approved – is part of a ransom paid by the United States for the release of four American hostages. That money has been frozen in South Korean banks but will be “returned to the Central Bank of Iran”, according to Gabriel Noronha, a former senior adviser on Iran at the State Department during the Trump administration.
Noronha said that this money will certainly be used by Tehran to finance its global terrorist operations.
“We have a clear precedent for how they will use these funds,” Noronha said. “In 2016, President Obama’s $1.7 billion ransom was sent by the Central Bank of Iran to the IRGC’s budget account, which was then used to boost their terrorist activities.”
Iranian officials even suggested at the time that “more hostage takings would be an excellent method of balancing their budget,” according to Noronha, who is a distinguished fellow at the Jewish National Security Institute of America. “The Central Bank of Iran has also been sanctioned by the Trump administration under terrorist designations for facilitating the transfer of billions of dollars and euros to the IRGC. taken prisoner.”
Further sanctions relief on the negotiating table would impact the Iranian government organization that funds assassination plots and puts bounties on the country’s political enemies, such as author Salman Rushdie, who was recently the victim of an attack in brutal knife.
Behnam Ben Taleblu, an Iran sanctions expert at the FDD, said the Iranian regime has made it clear that it will not spend its cash gains to improve its economy and people.
“Releasing frozen funds to the world’s leading state sponsor of terrorism essentially puts Tehran’s terror apparatus on steroids. It’s like trying to put out one fire while starting another,” Ben Taleblu said. “Regardless of the status of the IRGC’s terrorism designation, an agreement that is not yet ready to offer major relief to other terrorist financing entities in Iran makes little strategic sense.