The Biden administration rejected a claim by Iranian President Ebrahim Raisi that there will be no restrictions on $6 billion in oil sales proceeds that will be freed up as part of a prisoner swap.
“The facts of this arrangement are, when this money arrives in these accounts in Qatar, it will be held there under strict oversight by the US Treasury Department, and the money can only be used for humanitarian purposes,” Matthew Miller, the State Department spokesman, told reporters Tuesday.
As part of a pending deal to swap five Americans held by Iran with five Iranians in US custody, Secretary of State Antony Blinken notified Congress on Monday of a waiver that will assure German, Irish, Qatari, South Korean and Swiss banks that they can transfer the $6 billion from South Korea without fear of running afoul of US sanctions. Until the waiver, Miller said, banks were hesitant to handle transactions involving the money.
The transfer of the funds from South Korea to a custodial account in Qatar is underway, Miller said, but he didn’t specify how much of the money has moved or where it is currently held.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Credit Card Disputes Keep Rising at Visa as E-Commerce BoomsCredit card disputes at Visa Inc. continued rising past their pandemic boom despite the proliferation of prevention software, as fraud grows alongside e-commerce and inflation.
Read more »
Chilean and Mexican presidents call for democracy before 50th anniversary of Chilean coupSANTIAGO (Reuters) - The presidents of Chile and Mexico called for the strengthening of democracy in Latin America during a joint address on Sunday to ...
Read more »
Chilean and Mexican presidents call for democracy before 50th anniversary of Chilean coupSANTIAGO (Reuters) - The presidents of Chile and Mexico called for the strengthening of democracy in Latin America during a joint address on Sunday to ...
Read more »
Chile, Mexico presidents call for democracy, Santiago protests flare on eve of coup anniversarySANTIAGO (Reuters) - The presidents of Chile and Mexico called for the strengthening of democracy in Latin America during a joint address on Sunday to ...
Read more »
US makes deal with Iran to swap prisoners and release $6 billion in frozen Iranian fundsWASHINGTON (AP) — The Biden administration has cleared the way for the release of five American citizens detained in Iran by issuing a blanket waiver for international banks to transfer $6 billion in frozen Iranian money from South Korea to Qatar wit
Read more »
US makes deal with Iran to swap prisoners and release $6 billion in frozen Iranian fundsWASHINGTON (AP) — The Biden administration has cleared the way for the release of five American citizens detained in Iran by issuing a blanket waiver for international banks to transfer $6 billion in frozen Iranian money from South Korea to Qatar wit
Read more »