Iran To Receive First Installment Of Blocked Funds Next Month
Tuesday, January 14, 2014
(New York, NY) -- Iran is set to receive the first 550-million-dollar installment of sanctions relief on February 1st. Wyoming Senator John Barrasso says it's a mistake.
A senior U.S. official says it's part of four-point-two billion dollars in previously blocked overseas funds. The U.S. and five major powers agreed in November to give Iran access to the blocked funds if it promised to curb its nuclear program. Some of the payments are contingent on Iran diluting its stockpile of enriched uranium. The Iranian Foreign Ministry and European Union announced Sunday that a deal putting temporary limits on Iran's nuclear program begins January 20th.
Senator John Barrasso of Wyoming says keeping sanctions on Iran is the only way they will stop their nuclear program.
Barrasso says his new Iran sanctions bill will be good for both sides.