Biden Admin to make $6 billion available to Iran in exchange for hostages in beginning of a process that will also include prisoner swaps.
The spin is this isn't us giving them $6 billion and it's only for humanitarian purchases, but $6 billion Iran can use for basic goods is $6 billion they can otherwise spend on terrorism. Also them being able to distribute these kind of goods is a PR bonanza and lifeline for the regime that's spent the last several months brutalizing and killing Iranian protestors. Taking Americans hostage should be come with rewards and subsidies.
Five Americans who had been imprisoned in Iran are now under house arrest – the first step in a deal between the United States and Iran that would include making $6 billion in Iranian funds more accessible to Tehran in exchange for their return to the US.
Four of the Americans – Siamak Namazi, Emad Shargi, Morad Tahbaz, and a fourth American who has not been identified publicly – were moved out of Tehran’s notorious Evin Prison on Thursday, the White House confirmed. The fifth American, who also has not been publicly identified, was already under house arrest, according to a source familiar with the negotiations.
The source described Thursday’s development as “an encouraging step,” noting that there’s “a roadmap that has basically been agreed.” However, they said that “there’s a number of things here that that still need to be worked out” in the prospective deal to bring the Americans home to the United States.
Among the roadmap are plans to make $6 billion in Iranian funds that have been in a restricted account in South Korea more readily available for “non-sanctionable trade” of goods like food and medicine by moving them to “a restricted account elsewhere.” The source said that this would not be giving new funds to Iran, noting that those funds are currently in South Korean accounts and able to be used for humanitarian purposes and non-sanctionable trade. There have been challenges in converting the Korean currency.
There is also expected to be a prisoner swap component to the deal, though the source said that “no prisoners held in the US will be released in exchange for these Americans moving to house arrest.”
The spin is this isn't us giving them $6 billion and it's only for humanitarian purchases, but $6 billion Iran can use for basic goods is $6 billion they can otherwise spend on terrorism. Also them being able to distribute these kind of goods is a PR bonanza and lifeline for the regime that's spent the last several months brutalizing and killing Iranian protestors. Taking Americans hostage should be come with rewards and subsidies.