USALife.info / NEWS / 2023 / 08 / 11 / WHITE HOUSE IMPOSES RESTRICTIONS ON UNFROZEN IRANIAN FUNDS
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White House Imposes Restrictions on Unfrozen Iranian Funds

19:53 11.08.2023

In a significant development in the ongoing negotiations between the United States and Iran, five dual US-Iranian citizens imprisoned in Iran have been released from Evin prison and placed under house arrest. The move is part of a potential prisoner swap deal between the two countries, which aims to improve diplomatic relations and pave the way for further negotiations. The released prisoners include Siamak Namazi, Emad Sharghi, and Morad Tahbaz, while the identities of the other two individuals remain undisclosed.

The White House has confirmed the release of the prisoners and stated that they will remain under house arrest in a hotel in Tehran until Iran receives $6 billion of its sanctioned oil revenue, currently held in South Korea. This transfer of funds has drawn criticism from Republicans, who argue that it could free up funds for Iran's nuclear program or support militias in countries like Iraq, Lebanon, and Yemen. However, the White House has stressed that there will be strict restrictions on how the funds can be used. White House spokesperson John Kirby emphasized that the funds can only be accessed for food, medicine, and medical equipment that does not have a dual military use. The US Treasury Department will also apply rigorous due diligence and standards to ensure the funds are used appropriately.

Another point of contention is the potential transfer of funds from South Korea to Qatar, where Iran would be able to access them. Republicans argue that this arrangement effectively amounts to the US paying a ransom for the release of the US citizens. However, US Secretary of State Antony Blinken has insisted that the deal does not provide any sanctions relief to Iran.

The release of the prisoners is seen as a positive step in the negotiations, but there are no guarantees about what will happen next. Negotiations for their safe return to the United States are ongoing and delicate, and the US remains committed to bringing them home. The families of the released prisoners expressed gratitude for the move but stressed the need for their loved ones to be reunited with them in the United States.

These recent developments hold significant implications for US-Iran relations, particularly in relation to Iran's nuclear program. The US has been seeking to revive the 2015 nuclear deal, which was abandoned by former President Donald Trump. Tensions between the two countries have been high since then, and negotiations for the resumption of the accord have so far failed. Iran has consistently denied seeking a nuclear weapon.

The release of the prisoners and the potential transfer of funds to Iran are likely to remain contentious issues as diplomatic efforts between the two countries continue. The Biden administration can expect ongoing scrutiny and criticism from Republicans over its approach to Iran and the potential implications for regional stability. The delicate nature of these negotiations underscores the complexity of the situation and the challenges ahead in reaching a favorable outcome for both parties involved.

/ Friday, August 11, 2023, 7:53 PM /

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