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Politics

VERBATIM: Obama breaks down $400M Iran payment

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Opening sequence

Politics

VERBATIM: Obama breaks down $400M Iran payment

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COMING UP:VERBATIM: Obama breaks down $400M Iran payment

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Transcript

00:00:00
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MUSIC]
00:00:04
It's been interesting to watch this story surface. Some of you may recall, we announced these payments in January, many months ago. There wasn't a secret, we announced them to all of you, Josh did a briefing on them. This wasn't some nefarious deal. Iran had pressed a claim before an international tribunal about them recovering money of theirs that we had frozen, and that's what these payments represent.
00:00:43
Point number two, we do not pay ransom for hostages. Point number three, is that, the timing of this, was in fact dictated by the fact that as a consequence of us negotiating around the nuclear deal, we actually had diplomatic negotiations and conversations with Iran for the first time in several decades.
00:01:10
And the only bit of news that is relevant on this, is the fact that we paid cash, which brings me to my last point. The reason that we had to give them cash is precisely because we are so strict in maintaining sanctions and we do not have a banking relationship with Iran, that we couldn't send them a check.