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Iran Says Prisoner Exchange Process with US Will Take Up to Two Months

Iran's and US' flags are seen printed on paper in this illustration taken January 27, 2022. (Reuters)
Iran's and US' flags are seen printed on paper in this illustration taken January 27, 2022. (Reuters)
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Iran Says Prisoner Exchange Process with US Will Take Up to Two Months

Iran's and US' flags are seen printed on paper in this illustration taken January 27, 2022. (Reuters)
Iran's and US' flags are seen printed on paper in this illustration taken January 27, 2022. (Reuters)

The process of releasing US prisoners held in Iran will take up to two months, Iran's Foreign Ministry Spokesperson Nasser Kanaani said on Monday during a press conference. 

"A specific time frame has been announced by relevant authorities, and it will take a maximum of two months for this process to take place," Kanaani said. 

Earlier this month, Tehran and Washington reached an agreement whereby five US citizens held in Iran would be freed while $6 billion of Iranian assets frozen in South Korea would be released. 

South Korean media reported on Monday that the assets have been transferred to Switzerland's central bank last week for exchange and transfer to Iran. 

The Swiss National Bank plans to exchange the $6 billion holdings in won for dollars and then euros in the currency market, converting about 300 billion won ($223.85 million) to 400 billion each day for next five weeks, Yonhap Infomax reported, citing an unnamed currency market source.  

An official at South Korea's finance ministry declined to confirm the report, citing the legal and diplomatic sensitivity of the matter.  

Iranian President Ebrahim Raisi said last week that the released assets would be used to enhance domestic production. 

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Top US, Chinese Military Brass Hold First Call to Stabilize Ties 

A Chinese naval Z-9 helicopter prepares to land aboard the People's Liberation Army (Navy) frigate CNS Huangshan (FFG-570) as the ship conducts a series of maneuvers and exchanges with the Arleigh Burke-class guided-missile destroyer USS Sterett (DDG 104) in the South China Sea June 16, 2017. (US Navy photo by Mass Communication Specialist 1st Class Byron C. Linder/Handout via Reuters)
A Chinese naval Z-9 helicopter prepares to land aboard the People's Liberation Army (Navy) frigate CNS Huangshan (FFG-570) as the ship conducts a series of maneuvers and exchanges with the Arleigh Burke-class guided-missile destroyer USS Sterett (DDG 104) in the South China Sea June 16, 2017. (US Navy photo by Mass Communication Specialist 1st Class Byron C. Linder/Handout via Reuters)
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Top US, Chinese Military Brass Hold First Call to Stabilize Ties 

A Chinese naval Z-9 helicopter prepares to land aboard the People's Liberation Army (Navy) frigate CNS Huangshan (FFG-570) as the ship conducts a series of maneuvers and exchanges with the Arleigh Burke-class guided-missile destroyer USS Sterett (DDG 104) in the South China Sea June 16, 2017. (US Navy photo by Mass Communication Specialist 1st Class Byron C. Linder/Handout via Reuters)
A Chinese naval Z-9 helicopter prepares to land aboard the People's Liberation Army (Navy) frigate CNS Huangshan (FFG-570) as the ship conducts a series of maneuvers and exchanges with the Arleigh Burke-class guided-missile destroyer USS Sterett (DDG 104) in the South China Sea June 16, 2017. (US Navy photo by Mass Communication Specialist 1st Class Byron C. Linder/Handout via Reuters)

The United States and China held theater-level commander talks for the first time on Tuesday, Chinese authorities said, amid efforts to stabilize military ties and avoid misunderstandings, especially in regional hot spots such as the South China Sea.

Washington seeks to open new channels of regular military communication with Beijing since ties sank to a historic low after the United States downed a suspected Chinese surveillance balloon last year.

Admiral Sam Paparo, head of the US Indo-Pacific Command, held a video telephone call with his counterpart Wu Yanan of the Southern Theater Command of the People's Liberation Army (PLA).

The US Indo-Pacific Command's areas of responsibility include the South China Sea and the Taiwan Strait, two hot spots for regional tension that are also flashpoints in US-China bilateral ties.

Both sides had an "in depth exchange of views on issues of common concern," the Chinese defense ministry said in a readout.

Paparo urged the PLA "to reconsider its use of dangerous, coercive, and potentially escalatory tactics in the South China Sea and beyond", the Indo-Pacific Command said in a statement that described the exchange as "constructive and respectful".

He also stressed the importance of continued talks to clarify intent and reduce the risk of misperception or miscalculation.

The call followed a meeting in Beijing last month between US National Security Adviser Jake Sullivan and Chinese leader Xi Jinping's leading military adviser, at which the talks were agreed.

US and Chinese troops were also taking part in large-scale military exercises led by the Brazilian Armed Forces this week in the Brazilian city of Formosa in the state of Goiás.

American and Chinese troops had not trained side by side since 2016, when Beijing participated in the Rim of the Pacific Exercise, or Rimpac, led by the US Indo-Pacific Command.

Most two-way military engagements between the US and China were suspended for almost two years after Nancy Pelosi, then speaker of the US House of Representatives, visited Taiwan in August 2022.

"I certainly worry about an unintended conflict between our military forces, an accident, an accidental collision," Nicholas Burns, the US ambassador to China, told the magazine Foreign Policy in an online interview.

Later this week, the United States plans to send a senior Pentagon official to a major security forum in China.