According to a report from the Washington Free Beacon, Biden waived sanctions following the Democrats’ election losses last month.
The move gave the Islamic Republic of Iran access to billions of dollars of frozen assets.
The Free Beacon obtained a copy of the non-public order transmitted to Congress from the State Department.
The document claimed it was “in the national security interest of the United States” to allow Iran, the world’s largest state sponsor of terrorism, to access the $10 billion that had been frozen.
“The Biden State Department tweaked the waiver last year to allow Tehran to convert the funds from Iraqi dinars to euros, then hold those euros in bank accounts based in Oman,” the report said.
“Access to a widely traded currency like the euro enables Iran to more easily spend the cash in international markets.
“Under the first Trump administration, Iran had to keep the cash in an escrow account in Baghdad, making it more difficult to access.”
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