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January 13, 2014
Obama To Give Iran $550 Million of Blocked $4.2 Billion On February 1st, Regular Installments To Follow…
Obama To Give Iran $550 Million of Blocked $4.2 Billion On February 1st, Regular Installments To Follow…
Iran would receive the first $550 million installment of a total of $4.2 billion in previously blocked overseas funds on or about February 1, a senior U.S. official said on Sunday.
Under a November 24 nuclear agreement, six major powers agreed to give Iran access to $4.2 billion in revenues blocked overseas if it carries out the deal, which offers sanctions relief in exchange for steps to curb the Iranian nuclear program.
Some payments are contingent on Iran diluting its stockpile of 20 percent enriched uranium to no more than 5 percent enriched uranium. The U.S. official, who spoke on condition of anonymity, described the payment schedule as follows:
Feb 1 – $550 million (NOTE: February 1 is a Saturday, so this payment may need to happen on February 3);
March 1 – $450 million (payment for half of dilution);
March 7 – $550 million;
April 10 – $550 million;
April 15 – $450 million (payment for completion of dilution);
May 14 – $550 million;
June 17 – $550 million;
July 20 – $550 million (NOTE: July 20 is a Sunday, so this payment may need to happen on July 21).
Wild Thing's comment.............
Money means nothing to Obama, he is not using his own so he does not care. Plus he would rather give money to the enemy then to be loyal to countries that used to be our friends.
Posted by Wild Thing at January 13, 2014 12:50 AM
Comments
Isn't this Iran's own money which has been blocked in US and European banks? Anyway, I don't know if obama has the legal power to unilaterally release this money, but what's legality to obama anyway. As emperor of the world he does what he wants to.
Posted by: TomR,armed in Texas at January 13, 2014 11:42 AM
