The Obama administration admitted to Israeli colleagues in December 2013 that they greatly underestimated the economic benefits Tehran would reap from Geneva accord.
The Iranian regime will receive $20 billion in sanctions relief, not $7 billion as was originally reported.
This week the Obama administration paid the regime $490 million in cash assets. A total of $11.9 billion will be released to Iran when the talks end in June.
The Washington Free Beacon reported:
The Obama administration on Wednesday paid $490 million in cash assets to Iran and will have released a total of $11.9 billion to the Islamic Republic by the time nuclear talks are scheduled to end in June, according to figures provided by the State Department.
Today’s $490 million release, the third such payment of this amount since Dec. 10, was agreed to by the Obama administration under the parameters of another extension in negotiations over Tehran’s contested nuclear program that was inked in November.
Iran will receive a total of $4.9 billion in unfrozen cash assets via 10 separate payments by the United States through June 22, when talks with Iran are scheduled to end with a final agreement aimed at curbing the country’s nuclear work, according to a State Department official.
Iran received $4.2 billion in similar payments under the 2013 interim agreement with the United States and was then given another $2.8 billion by the Obama administration last year in a bid to keep Iran committed to the talks through November, when negotiators parted ways without reaching an agreement.
The Iranian regime announced the construction of two new nuclear reactors this week.