World

South 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, the South Korean foreign ministry said on Tuesday.

Indirect talks between Iran and the US 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.

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

US says will allow Iran use frozen funds to pay back Japan, South Korea

Iran frozen assets: Countries where Tehran's oil and gas revenues are blocked

World

Pro-Iranian forces in Syria warn they can respond to further US strikes

Pro-Iranian forces in Syria said in an online statement late Friday that they have a “long arm” to respond to further US strikes on their positions, after tit-for-tat strikes in Syria over the last 24 hours.

The statement, signed by the Iranian Advisory Committee in Syria, said US strikes had left several fighters dead and wounded, without specifying their nationality.

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“We have the capability to respond if our centers and forces in Syria are targeted,” the statement said.

Biden vows ‘forceful’ response to Iranian attacks on US troops in Middle East

World

US warns China’s promises often empty as Honduras wavers on Taiwan

China often makes promises in exchange for recognition that remain unfulfilled, the de facto US embassy in Taipei said on Saturday as Honduras moves ahead with ending its long-standing ties with Taiwan in favor of China.

The Honduran foreign minister travelled to China this week to open relations after President Xiomara Castro said her government would move to forge ties with Beijing, Honduras being one of only 14 countries to formally recognize Taiwan.

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At stake is China’s growing footprint in Central America, once a steadfast base for Taiwan and where the United States is worried about Beijing’s expanding influence in its backyard.

China views Taiwan as one of its provinces with no right to state-to-state ties, a view the democratically elected government in Taipei strongly disputes.

The American Institute in Taiwan said that while Honduras’ possible severing of ties with Taipei in favor of Beijing was a sovereign decision, China does not always follow through on its promises.

“It is important to note the PRC often makes promises in exchange for diplomatic recognition that ultimately remain unfulfilled,” a spokesperson said, referring to the People’s Republic of China.

“Regardless of Honduras’ decision, the United States will continue to deepen and expand our engagement with Taiwan in line with our longstanding one China policy,” the spokesperson added.

Taiwan is a reliable, likeminded, and democratic partner, and its partnerships globally provide “significant and sustainable benefits to the citizens of those countries”.

“We strongly encourage all countries to expand engagement with
Taiwan and to continue to stand on the side of democracy, good governance, transparency, and adherence to the rule of law.”

China’s Foreign Ministry did not immediately respond to a request for comment, but it has previously said its relations with Taiwan’s former diplomatic allies have brought them real benefits.

The Honduras drama is happening ahead of a high-profile visit by Taiwan President Tsai Ing-wen to the United States and Central America next week. Tsai is expected to meet US House Speaker Kevin McCarthy in Los Angeles at the end of the trip.

The United States also has no official ties with Taiwan but is the island’s most important international backer and arms supplier.

Neither China nor Honduras has announced they have established diplomatic relations.

Diplomatic sources in Taipei say this is a departure from previous practice whereby an announcement on severing ties with Taiwan in favour of China normally happens very fast, with Taipei getting only maybe a few hours notice beforehand.

Honduras demanded $2.5 bln in Taiwan aid before China announcement: Source

World

Biden says China ‘hasn’t yet’ delivered arms to Russia

US President Joe Biden on Friday said he believed China has not sent arms to Russia after President Vladimir Putin’s forces invaded Ukraine.

“I’ve been hearing now for the past three months (that) China is going to provide significant weapons to Russia… They haven’t yet. Doesn’t mean they won’t, but they haven’t yet,” he told a news conference during a visit to Canada.

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“I don’t take China lightly. I don’t take Russia lightly,” he added, while also suggesting that reports of their rapprochement had probably been “exaggerated.”

Conversely, Biden stressed the strong ties among Western democracies, saying “if anything’s happened, the West has coalesced significantly more.”

He pointed to US security alliances in the Pacific region such as the Quad which also includes Australia, India and Japan and as well as AUKUS with Australia and Britain.

During a visit by Chinese President Xi Jinping to Moscow this week, Russia and Beijing for their part hailed “the special nature” of their relations.

But while China’s leader pledged a trade lifeline and some moral support, more conspicuous was that he did not commit to providing arms for Russia’s depleted forces in Ukraine, a move that would have invited Western sanctions on China.

There was also no long-term Chinese commitment to buy vast quantities of Russian gas that is no longer flowing to Europe.