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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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Türkiye Insists on Two States for Ethnically Divided Cyprus as the UN Looks to Restart Peace Talks

UN Secretary General's Special Representative in Cyprus Colin Stewart, center, Cyprus' President Nikos Christodoulides, left, and the Turkish Cypriot leader Ersin Tatar talk as they attend the UN's end of year reception at Ledras Palace inside the UNbuffer zone in the divided capital Nicosia, Cyprus, Tuesday, Dec. 10, 2024. (AP Photo/Petros Karadjias)
UN Secretary General's Special Representative in Cyprus Colin Stewart, center, Cyprus' President Nikos Christodoulides, left, and the Turkish Cypriot leader Ersin Tatar talk as they attend the UN's end of year reception at Ledras Palace inside the UNbuffer zone in the divided capital Nicosia, Cyprus, Tuesday, Dec. 10, 2024. (AP Photo/Petros Karadjias)
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Türkiye Insists on Two States for Ethnically Divided Cyprus as the UN Looks to Restart Peace Talks

UN Secretary General's Special Representative in Cyprus Colin Stewart, center, Cyprus' President Nikos Christodoulides, left, and the Turkish Cypriot leader Ersin Tatar talk as they attend the UN's end of year reception at Ledras Palace inside the UNbuffer zone in the divided capital Nicosia, Cyprus, Tuesday, Dec. 10, 2024. (AP Photo/Petros Karadjias)
UN Secretary General's Special Representative in Cyprus Colin Stewart, center, Cyprus' President Nikos Christodoulides, left, and the Turkish Cypriot leader Ersin Tatar talk as they attend the UN's end of year reception at Ledras Palace inside the UNbuffer zone in the divided capital Nicosia, Cyprus, Tuesday, Dec. 10, 2024. (AP Photo/Petros Karadjias)

Türkiye on Wednesday again insisted on a two-state peace accord in ethnically divided Cyprus as the United Nations prepares to meet with all sides in early spring in hopes of restarting formal talks to resolve one of the world’s most intractable conflicts.
Turkish Foreign Minister Hakan Fidan said Cyprus “must continue on the path of a two-state solution” and that expending efforts on other arrangements ending Cyprus’ half-century divide would be “a waste of time.”
Fidan spoke to reporters after talks with Ersin Tatar, leader of the breakaway Turkish Cypriots whose declaration of independence in 1983 in Cyprus’ northern third is recognized only by Türkiye.
Cyprus’ ethnic division occurred in 1974 when Türkiye invaded in the wake of a coup, sponsored by the junta then ruling Greece, that aimed to unite the island in the eastern Mediterranean with the Greek state.
The most recent major push for a peace deal collapsed in 2017.
Since then, Türkiye has advocated for a two-state arrangement in which the numerically fewer Turkish Cypriots would never be the minority in any power-sharing arrangement.
But Greek Cypriots do not support a two-state deal that they see as formalizing the island’s partition and perpetuating what they see as a threat of a permanent Turkish military presence on the island.
Greek Cypriot officials have maintained that the 2017 talks collapsed primarily on Türkiye’s insistence on permanently keeping at least some of its estimated 35,000 troops currently in the island's breakaway north, and on enshrining military intervention rights in any new peace deal.
The UN the European Union and others have rejected a two-state deal for Cyprus, saying the only way forward is a federation agreement with Turkish Cypriot and Greek Cypriot zones.
UN Secretary-General Antonio Guterres is preparing to host an informal meeting in Switzerland in March to hear what each side envisions for a peace deal. Last year, an envoy Guterres dispatched to Cyprus reportedly concluded that there's no common ground for a return to talks.
The island’s Greek Cypriot President Nikos Christodoulides says he’s ready to resume formal talks immediately but has ruled out any discussion on a two-state arrangement.
Tatar, leader of the breakaway Turkish Cypriots, said the meeting will bring together the two sides in Cyprus, the foreign ministers of “guarantor powers” Greece and Türkiye and a senior British official to chart “the next steps” regarding Cyprus’ future.
A peace deal would not only remove a source of instability in the eastern Mediterranean, but could also expedite the development of natural gas deposits inside Cyprus' offshore economic zone that Türkiye disputes.