S.Korean Minister Heads to Vienna for Talks on Iranian Frozen Assets

A senior South Korean diplomat will hold talks in Vienna this week with Iran and world powers over how to resolve the issue of frozen Iranian assets held in the Asian country. (Reuters)
A senior South Korean diplomat will hold talks in Vienna this week with Iran and world powers over how to resolve the issue of frozen Iranian assets held in the Asian country. (Reuters)
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S.Korean Minister Heads to Vienna for Talks on Iranian Frozen Assets

A senior South Korean diplomat will hold talks in Vienna this week with Iran and world powers over how to resolve the issue of frozen Iranian assets held in the Asian country. (Reuters)
A senior South Korean diplomat will hold talks in Vienna this week with Iran and world powers over how to resolve the issue of frozen Iranian assets held in the Asian country. (Reuters)

A senior South Korean diplomat will hold talks in Vienna this week with Iran and world powers over how to resolve the issue of frozen Iranian assets held in the Asian country, the South Korean foreign ministry said on Tuesday.

Indirect talks between Iran and the United States on salvaging the 2015 Iran nuclear deal resumed on Monday.

Diplomats from all sides have indicated they are hoping to have a breakthrough by the end of January or early February, but sharp differences remain with the toughest issues still unresolved.

However, the arrival of South Korea's Vice Foreign Minister Choi Jong-kun could be a positive signal. Iran has repeatedly demanded the release of its frozen assets in several countries because of US sanctions, including $7 billion in South Korea. Any release would need to be approved by Washington.

The ministry said in a statement the delegation "would explore ways to resolve the issue of frozen Iranian assets in Korea" through consultations on the sidelines of the nuclear negotiations with Iran and in coordination with the United States, France, Germany and Britain.

The eighth round of talks, the first under Iran's new hardline President Ebrahim Raisi, resumed on Monday after adding some new Iranian demands to a working text. Western powers have said progress was too slow and negotiators had "weeks not months" left before the 2015 deal becomes meaningless.

British Prime Minister Boris Johnson again warned Iran on Tuesday that time was running out to salvage the deal.

Little remains of that deal, which lifted sanctions against Tehran in exchange for restrictions on its atomic activities. Then-President Donald Trump pulled Washington out of it in 2018, re-imposing US sanctions, and Iran later breached many of the deal's nuclear restrictions and kept pushing well beyond them.

Iran refuses to meet directly with US officials, meaning that other parties, which also include Russia and China, must shuttle between the two sides.

The United States has repeatedly expressed frustration at this format, saying it slows down the process, and Western officials still suspect Iran is simply playing for time.



Trump Offers to Join Potential Russia-Ukraine Talks in Türkiye

This combination of pictures created on May 12, 2025 shows Ukrainian President Volodymyr Zelenskiy (L) during a press conference with the German Chancellor during the Ukraine Recovery Conference in Berlin on June 11, 2024, and Russian President Vladimir Putin during the Congress of the Russian Union of Industrialists and Entrepreneurs in Moscow on March 18, 2025. (AFP)
This combination of pictures created on May 12, 2025 shows Ukrainian President Volodymyr Zelenskiy (L) during a press conference with the German Chancellor during the Ukraine Recovery Conference in Berlin on June 11, 2024, and Russian President Vladimir Putin during the Congress of the Russian Union of Industrialists and Entrepreneurs in Moscow on March 18, 2025. (AFP)
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Trump Offers to Join Potential Russia-Ukraine Talks in Türkiye

This combination of pictures created on May 12, 2025 shows Ukrainian President Volodymyr Zelenskiy (L) during a press conference with the German Chancellor during the Ukraine Recovery Conference in Berlin on June 11, 2024, and Russian President Vladimir Putin during the Congress of the Russian Union of Industrialists and Entrepreneurs in Moscow on March 18, 2025. (AFP)
This combination of pictures created on May 12, 2025 shows Ukrainian President Volodymyr Zelenskiy (L) during a press conference with the German Chancellor during the Ukraine Recovery Conference in Berlin on June 11, 2024, and Russian President Vladimir Putin during the Congress of the Russian Union of Industrialists and Entrepreneurs in Moscow on March 18, 2025. (AFP)

US President Donald Trump offered on Monday to join prospective Ukraine-Russia talks in Türkiye later this week as European countries pushed to get the Kremlin to accept their demand for a 30-day ceasefire in the war in Ukraine.

Trump spoke a day after Ukrainian President Volodymyr Zelenskiy, in a fresh twist to the stop-start peace talks process, said he would travel to Istanbul where, he said, he would be waiting to meet Russian counterpart Vladimir Putin.

Trump told reporters at the White House that talks in Istanbul could be helpful and he might join them on Thursday while in the region. His current schedule has him visiting Saudi Arabia, the United Arab Emirates and Qatar this week.

"I've got so many meetings, but I was thinking about actually flying over there. There's a possibility of it, I guess, if I think things can happen, but we've got to get it done," he said before departing for his second foreign trip since his second term in the White House began in January.

"Don't underestimate Thursday in Türkiye," he said.

In response to Trump's remarks, Zelenskiy said in a post on X: "I hope that the Russians will not evade the meeting. And of course, all of us in Ukraine would appreciate it if President Trump could be there with us at this meeting in Türkiye." He added that such participation was "the right idea".

Earlier on Monday, the German government said Europe will start preparing new sanctions against Russia unless the Kremlin by the end of the day starts abiding by a 30-day ceasefire in its war with Ukraine.

Ukraine's military said Russia had conducted dozens of attacks along the front in eastern Ukraine on Monday as well as an overnight assault using more than 100 drones, despite the ceasefire proposal by Europe and Kyiv.

"The clock is ticking," a German government spokesperson said at a news conference in Berlin.

It is not clear though how much impact fresh European sanctions would have on Russia, especially if the United States does not join in as well.

The leaders of four major European powers travelled to Kyiv on Saturday and demanded an unconditional 30-day ceasefire from Monday. Putin, implicitly rejecting the offer, instead proposed direct Russia-Ukraine talks in Istanbul that he said could potentially lead to a ceasefire.

The Kremlin has not responded to that latest proposal. Putin and Zelenskiy have not met since December 2019 - over two years before Russia launched its full-scale invasion of Ukraine - and make no secret of their contempt for each other.

Responding to the proposal of a ceasefire, Russia said at the weekend it is committed to ending the war but that European powers were using the language of confrontation.

Ukrainian Foreign Minister Andrii Sybiha said Russia was "completely ignoring" the ceasefire initiative, citing what he said were continued attacks on Ukrainian forces.

He said he shared information about the continued fighting with European partners and with US Secretary of State Marco Rubio on a joint phone call. The allies had agreed sanctions would be needed to pressure Russia if it snubbed the truce move.

Russia and Ukraine are both trying to show Trump that they are working towards his objective of reaching a rapid peace in Ukraine, while trying to make the other look like the spoiler to his efforts.

FIGHTING CONTINUES

The Ukrainian military's general staff said that as of 4 p.m. (1300 GMT) on Monday there had been 69 clashes with Russian forces along the front line since midnight, when the ceasefire was to have come into effect.

The intensity of the fighting was at the same level it would be if there were no ceasefire, said Viktor Trehubov, a spokesperson for the military on Ukraine's eastern front.

The Ukrainian air force said Ukraine came under attack overnight from 108 long-range combat drones starting from 11 p.m. (2000 GMT), an hour before the proposed ceasefire was due to kick in. Attacks of this kind unfold over the course of hours as drones fly much slower than missiles.

Russia also launched guided bombs at targets in the northeastern Kharkiv region and the northern Sumy region, the air force said, while the Ukrainian state railway company said a Russian drone hit a civilian freight train in the east.

Kyiv is desperate to unlock more of the US military backing it received from Trump's predecessor, Joe Biden. Moscow senses an opportunity to get relief from a barrage of economic sanctions and engage with the world's biggest economy.

Europe meanwhile is doing its best to preserve good relations with Trump despite his imposition of tariffs, hoping it can persuade him to swing more forcefully behind Ukraine's cause, which they see as central to the continent's security.