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The US has issued a sanctions waiver for banks to transfer $6bn (£4.8bn) of frozen Iranian funds from South Korea to Qatar, paving the way for the release of five Americans held by Iran. Secretary of State Antony Blinken told Congress that the money would provide “limited benefit” to Iran as it could only be used for humanitarian trade.
He also confirmed that five Iranians detained in the US would be freed as part of the prisoner exchange deal. Republicans condemned the transfer. One senator accused President Joe Biden of paying a “ransom to the world’s worst state sponsor of terrorism”.
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WNU Editor: Iran’s President has already said what he is going to do with the money …. Iranian president reveals plans for spending $6 billion gained in US prisoner exchange (FOX News).
Needless to say. Republicans are furious …. Cotton: Biden’s decision to release $6 billion in frozen Iranian funds ‘shameful’ (The Hill). more here …. Donald Trump Rages at US Paying ‘6 Billion Dollars for Hostages’ (Newsweek).
US Releases $6bn In Frozen Iran Funds For Swapping 5 American Prisoners
U.S. advances deal with Iran to swap prisoners, free frozen oil funds — Washington Post