While funds do not appear to be going to terrorist now, Kerry “think[s] some of it will”

Secretary of State John Kerry acknowledged that some of the money Iran received as part of sanctions relief could go to groups considered terrorists, reports CNN.

“I think that some of it will end up in the hands of the IRGC or other entities, some of which are labeled terrorists,” he said in the interview in Davos, referring to Iran’s Revolutionary Guard Corps. “You know, to some degree, I’m not going to sit here and tell you that every component of that can be prevented.”

Iran received roughly $150 billion following the end of international sanctions against the Islamic Republic. After settling debts, the amount available for use will likely be closer to $55 billion, Kerry said.

He added that “right now, we are not seeing the early delivery of funds going to that kind of endeavor at this point in time.”

Kerry defended the Obama administration’s decision to help lift international sanctions against Iran saying, “We think they have been used judiciously and effectively and we are looking to move on now to put to test the willingness of Iran and other countries in the region to try to reduce tensions and move in a different direction.”

Since the end of sanctions, Iran has accessed roughly $3 billion of its unfrozen estimates, according to statements from State Department spokesman John Kirby.

“The $3 billion is an estimate at best—we don’t have perfect knowledge of what has actually been freed up for them, and we don’t have perfect knowledge of how every dollar of that is going to be spent,” he said. “And we stand by what the secretary [of state] said, that it’s entirely possible that they can use some of this funding to support terrorist networks.”

On the oil front, Iran has refused to participate in recent OPEC/non-OPEC discussions about freezing production levels in an attempt to balance supply and return to higher oil prices. Iran said it wants to increase its output to 4 MMBOPD now that sanctions are lifted.

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