The United States waived sanctions to allow the transfer of $6 billion in Iranian funds from South Korea to Qatar, a step needed to carry out a previously announced US-Iran prisoner swap, according to a US document seen by Reuters on Monday.
The broad outlines of the US-Iran deal under which five US citizens detained by Iran would be allowed to leave in exchange for the transfer of the funds and the release of five Iranians held in the United States were made public on Aug. 10.
According to the State Department document seen by Reuters, Secretary of State Antony Blinken determined that waiving the sanctions was in the national security interests of the United States.
The document sent to US congressional committees marks the first time the US government has formally acknowledged it is releasing five Iranians detained in the United States as part of the agreement to secure the freedom of the five US citizens.
“To facilitate their release, the United State has committed to release five Iranian nationals currently detained in the United States and to permit the transfer of approximately $6 billion in Iranian funds held in restricted accounts in the (Republic of Korea) to restricted accounts in Qatar, where the funds will be available only for humanitarian trade,” it said.
The document said the transfer of funds would only provide “limited benefit to Iran” since the funds can only be used for humanitarian trade.
“Allowing these funds to be transferred from restricted Iranian accounts held in the (Republic of Korea) to accounts in Qatar for humanitarian trade is necessary to facilitate the release of these US citizens,” the document said.—Reuters
