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The Biden administration will reportedly lift some sanctions on Iran’s illicit oil trade so that Iran, which is the world’s leading state sponsor of terrorism, can access financial assets to pay back its debts to foreign countries. The State Department said that the sanctions waiver was signed to “allow funds held in restricted Iranian accounts in Japan and Korea to be used to pay back Japanese and Korean companies that exported non-sanctioned items to Iran” and that the waiver was an extension for another 90 days. The waiver “does not allow for the transfer of any funds to Iran.” “There’s a reason we talk about accessible foreign exchange reserves versus inaccessible foreign exchange reserves. If you free up money that’s trapped in foreign accounts for Iran to pay off debts, you are bailing out the regime and rescuing the mullahs from a balance of payments crisis,” said Richard Goldberg, a senior adviser at the Foundation for Defense of Democracies, told the Free Beacon. “This is a bailout, plain and simple. And to announce it right as DOJ tells us Iran tried to kidnap an American journalist out of New York City—that’s a national outrage.”

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