Iran Steps Closer to Recover $7 Billion of Frozen Assets

 Iran’s foreign ministry spokesman Saeed Khatibzadeh speaks to media during a press conference in Tehran on November 15, 2021. (AFP)
Iran’s foreign ministry spokesman Saeed Khatibzadeh speaks to media during a press conference in Tehran on November 15, 2021. (AFP)
TT

Iran Steps Closer to Recover $7 Billion of Frozen Assets

 Iran’s foreign ministry spokesman Saeed Khatibzadeh speaks to media during a press conference in Tehran on November 15, 2021. (AFP)
Iran’s foreign ministry spokesman Saeed Khatibzadeh speaks to media during a press conference in Tehran on November 15, 2021. (AFP)

Iran’s Foreign Ministry spokesman Saeed Khatibzadeh said on Monday that part of the Iranian assets frozen under US sanctions “will be released soon,” without giving further details.

The official IRNA news agency quoted Khatibzadeh as saying that the necessary framework for removing the blockade of a “significant part” of Iran's frozen assets has been determined.

His statements came about an hour after his weekly press conference, where he denied being well-informed about the release of the frozen assets or the imminent visit of a regional official.

IRNA had reported that a high-ranking regional official “will travel to Tehran on Tuesday to finalize the mechanism for launching $7 billion.”

“According to the agreement reached with countries that have contracts with Iran, the framework was set for lifting the seizure of a significant part of the country’s frozen assets,” IRNA said, noting that the agreement provides for the transfer of Iranian assets to the country’s bank accounts within weeks.

The agency noted that the framework “is similar to that agreed upon with Britain,” in reference to the British-Iranian deal under which debts were paid to Iran in exchange for the release of Britons of Iranian origin.

In turn, Tasnim agency, which is affiliated with the Iranian Revolutionary Guards, reported that the Iranian assets “are likely to be transferred to the (branch) account of the Central Bank of Iran in Amman, while a senior regional official is arriving to finalize the mechanism for releasing the $7 billion.”

However, Khatibzadeh expressed on Monday Iranian doubts about the “determination” of the United States to reach an understanding to revive the 2015 nuclear agreement, speaking of continuing differences after a year of negotiations between Tehran and the six great powers.

“We really don’t know if we’ll get a deal or not, because the United States hasn’t shown the necessary will to reach an agreement,” Khatibzadeh said, as quoted by AFP.

“All components of maximum pressure must be removed,” he added. “Unfortunately, the United States is trying to maintain some of the elements of maximum pressure.”



Russia Advances in Ukraine at Fastest Monthly Pace Since Start of War, Analysts Say

A police officer drives a vehicle past burning trees during an evacuation of civilians from the outskirts of the Kurakhove town, amid Russia's attack on Ukraine, in Donetsk region, Ukraine September 16, 2024. (Reuters)
A police officer drives a vehicle past burning trees during an evacuation of civilians from the outskirts of the Kurakhove town, amid Russia's attack on Ukraine, in Donetsk region, Ukraine September 16, 2024. (Reuters)
TT

Russia Advances in Ukraine at Fastest Monthly Pace Since Start of War, Analysts Say

A police officer drives a vehicle past burning trees during an evacuation of civilians from the outskirts of the Kurakhove town, amid Russia's attack on Ukraine, in Donetsk region, Ukraine September 16, 2024. (Reuters)
A police officer drives a vehicle past burning trees during an evacuation of civilians from the outskirts of the Kurakhove town, amid Russia's attack on Ukraine, in Donetsk region, Ukraine September 16, 2024. (Reuters)

Russian forces are advancing in Ukraine at the fastest rate since the early days of the 2022 invasion, taking an area half the size of Greater London over the past month, analysts and war bloggers say.

The war is entering what some Russian and Western officials say could be its most dangerous phase after Moscow's forces made some of their biggest territorial gains and the United States allowed Kyiv to strike back with US missiles.

"Russia has set new weekly and monthly records for the size of the occupied territory in Ukraine," independent Russian news group Agentstvo said in a report.

The Russian army captured almost 235 sq km (91 sq miles) in Ukraine over the past week, a weekly record for 2024, it said.

Russian forces had taken 600 sq km (232 sq miles) in November, it added, citing data from DeepState, a group with close links to the Ukrainian army that studies combat footage and provides frontline maps.

Russia began advancing faster in eastern Ukraine in July just as Ukrainian forces carved out a sliver of its western region of Kursk. Since then, the Russian advance has accelerated, according to open source maps.

Russia's forces are moving into the town of Kurakhove, a stepping stone towards the logistical hub of Pokrovsk in Donetsk, and have been exploiting the vulnerabilities of Kyiv troops along the frontline, analysts said.

"Russian forces recently have been advancing at a significantly quicker rate than they did in the entirety of 2023," analysts at the Washington-based Institute for the Study of War said in a report.

The General Staff of Ukraine's armed forces said in its Monday update that 45 battles of varying intensity were raging along the Kurakhove part of the frontline that evening.

The Institute for the Study of War report and pro-Russian military bloggers say Russian troops are in Kurakhove. Deep State said on its Telegram messaging app on Monday that Russian forces are near Kurakhove.

"Russian forces' advances in southeastern Ukraine are largely the result of the discovery and tactical exploitation of vulnerabilities in Ukraine's lines," Institute analysts said in their report.

Russia says it will achieve all of its aims in Ukraine no matter what the West says or does.

Ukrainian President Volodymyr Zelenskiy has repeatedly said peace cannot be established until all Russian forces are expelled and all territory captured by Moscow, including Crimea, is returned.

But outnumbered by Russian troops, the Ukrainian military is struggling to recruit soldiers and provide equipment to new units.

Zelenskiy has said he believed Russian President Vladimir Putin's main objectives were to occupy the entire Donbas, spanning the regions of Donetsk and Luhansk, and oust Ukrainian troops from the Kursk region, parts of which they have controlled since August.