January 21, 2015 | Quote
Sen. Mark Kirk Slams Obama Plan to Release $11.9B to Iran
Another $490 million released on Tuesday under deal
The next release is scheduled for Feb. 11, with two more scheduled for March. The rest of the frozen cash assets will be given back to Iran on April 15, May 6, May 27, and June 22, respectively.
Mark Dubowitz, the executive director of the Foundation for Defense of Democracies (FDD), said the ongoing release of these assets has provided Iran with a critical “financial lifeline.”
“The Obama administration provided Iran with a financial lifeline through both direct sanctions relief and the de-escalation of sanctions pressure that helped the regime stabilize its economy after a severe sanctions-induced economic crisis in 2012 and 2013,” Dubowitz said. “It is not a surprise that this has increased Iranian negotiating leverage and hardened the supreme leader’s nuclear intransigence.”
In addition to decrying the lack of restrictions in place to ensure that Iran does not use the released funds to sponsor terrorism, critics of the sanctions relief protest that Iran is benefitting while the United States receives little in return.
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