Iranian President Hassan Rouhani admitted that President Trump’s strict sanctions have cost his country $200 billion, effectively wiping out assets provided by the Obama administration.
“Sanctions have deprived the Islamic Republic of $100 billion in oil revenue in the last two years and an equal amount in foreign investment credit,” Bloomberg News reported, citing Rouhani’s official website.
President Trump signed a resumption of U.S. sanctions in 2018 following withdrawal from the one-sided Iran nuclear deal which had lifted them previously.
“The last set of sanctions lifted under the terrible nuclear deal will come back into force,” Trump announced in a statement, further warning Iran to “abandon its destructive behavior or continue down the path toward economic disaster.”
Wiped Out Obama’s Legacy
The $200 billion hit to Iran’s economy effectively wipes out the $150 billion in assets that were held in overseas accounts and sent back to Iran, a process put into motion by the nuclear deal.
It also negates the nearly $2 billion the former President used as leverage to ensure three American prisoners were released.
Money which “was flown into Iran on wooden pallets stacked with Swiss francs, euros and other currencies,” CNN reported at the time.
These funds have reportedly been used to finance terror operations, possibly even earmarked for militia strikes including one that fired a rocket at an Iraqi military base last week, killing an American contractor, as well as this week’s embassy attack in Iraq.
Iran Not Dealing With a Patsy Anymore
The State Department explained this past April that sanctions on Iran are designed to “deny the regime the revenue it needs to fund terrorism and violent wars abroad.”
By contrast, the Obama State Department was more than willing to fork over money to a regime whose modus operandi is to cause “death to America.”
Literally doing so by sending them pallets of cash.
Obama even went so far as to secretly attempt to give the regime temporary access to U.S. banks.
“The Obama administration during the negotiation of the Iran deal misled the American people,” Ohio Senator Rob Portman charged. “I think they did so because they were desperate to get a deal.”
Under Obama, Iran was receiving a multitude of economic benefits as well as being granted a pathway to a nuclear program.
The President is wiping that all out.
This piece originally appeared on ThePoliticalInsider.com and is used by permission.