London Daily

Focus on the big picture.
Saturday, May 31, 2025

China Wants Sanctions On Afghanistan Lifted, Its Forex Reserves Released

China Wants Sanctions On Afghanistan Lifted, Its Forex Reserves Released

Addressing the G20 Foreign Ministers, Chinese Foreign Minister Wang Yi demanded the rushing of humanitarian assistance to Afghanistan without any delay.
China on Thursday called for the lifting of sanctions against the Taliban-administered Afghanistan and urged the US not to use the frozen foreign exchange reserves of the war-torn country as a "bargaining chip" to exert political pressure on the hardline terrorist group.

Addressing the G20 Foreign Ministers via a video link, Chinese Foreign Minister Wang Yi also demanded the rushing of humanitarian assistance to Afghanistan without any delay.

"Humanitarian assistance is a task which brooks no delay. We should redouble efforts on and speed up the provision of assistance to Afghanistan, and in particular, lend the Afghan people a helping hand in time to address their most urgent needs," a foreign ministry statement quoted Wang as saying.

He highlighted China's decision to provide 200-million-yuan ($31 million) aid, which included three million vaccines.

Wang also asked the US to release frozen foreign reserves of Afghanistan's central bank.

According to reports from Washington, the US has frozen about $9.5 billion in assets belonging to Afghanistan's central bank and stopped shipments of cash to Kabul, in a bid to keep the Taliban government from accessing the money.

"The economic sanctions must be stopped. All kinds of unilateral sanctions or restrictions on Afghanistan should be lifted," Wang asserted.

"Afghanistan's foreign exchange reserves are its national assets, and should be owned by and used for the people, rather than being used as a bargaining chip to exert political pressure on Afghanistan," he said, adding that G20 members should actively take practical steps to help Afghanistan ease the current liquidity stress.

International financial institutions should also provide financing support for poverty reduction, sustainable development, livelihood and infrastructure projects in Afghanistan, he said.

After the Taliban's seizure of power in Afghanistan last month, the International Monetary Fund and the World Bank halted their aid to the war-torn country which largely depends upon the flow of foreign funds.

According to reports from Kabul, Afghanistan's economy is near collapse even as the United Nations has made hectic efforts to galvanise global efforts to rush food and essential supplies.

The Taliban, whose interim government is yet to be recognised, have earlier asked the US to release its frozen foreign exchange reserves and threatened to take legal action.

"Both the symptoms and root causes of the refugee issue must be addressed. The United States and the North Atlantic Treaty Organization (NATO) countries should take the primary responsibility for solving the issue of Afghan refugees and migrants," he said.

Wang also spoke about China, Pakistan and Russia's initiatives to step up contacts with the Taliban.

The special envoys of the three countries held talks with top Taliban officials in Kabul as well as former Afghanistan president Hamid Karzai and Abdullah Abdullah, President of the Council for National Reconciliation under the previous government, during the past two days.

"First Foreign Ministers' Meeting on the Afghan Issue among the Neighbouring Countries of Afghanistan and the Informal Meeting of Foreign Ministers of China, Russia, Pakistan and Iran on the Afghan Issue reached a consensus, sending a clear signal of creating a favourable external environment for the peaceful reconstruction of Afghanistan," Wang said.

Also, the world community support the efforts of Afghanistan “eventually building a broad and inclusive political structure which respects the basic rights of minority groups, women and children, and pursues a foreign policy of peace advocating good neighbourliness with all countries, especially with neighbouring countries,” he said.

The counter-terrorism cooperation needs to be deepened, he added. “Afghanistan must earnestly honour its commitments by making a clean break with and resolutely fighting all kinds of international terrorist forces,” Wang said.

He said the international community should build a united front against terrorism, oppose double standards and selective counter-terrorism, and prevent Afghanistan from becoming a breeding ground and shelter for terrorism again.

"Afghanistan should make its administration more inclusive and predictable, and the international community should work in a down-to-earth manner to help Afghanistan accelerate reconstruction so as to fundamentally reduce the number of new refugees and migrants,” he said.
Newsletter

Related Articles

0:00
0:00
Close
Satirical Sketch Sparks Political Spouse Feud in South Korea
Indonesia Quarry Collapse Leaves Multiple Dead and Missing
South Korean Election Video Pulled Amid Misogyny Outcry
Asian Economies Shift Away from US Dollar Amid Trade Tensions
Netflix Investigates Allegations of On-Set Mistreatment in K-Drama Production
US Defence Chief Reaffirms Strong Ties with Singapore Amid Regional Tensions
Vietnam Faces Strategic Dilemma Over China's Mekong River Projects
Malaysia's First AI Preacher Sparks Debate on Islamic Principles
White House Press Secretary Criticizes Harvard Funding, Advocates for Vocational Training
France to Implement Nationwide Smoking Ban in Outdoor Spaces Frequented by Children
Meta and Anduril Collaborate on AI-Driven Military Augmented Reality Systems
Russia's Fossil Fuel Revenues Approach €900 Billion Since Ukraine Invasion
U.S. Justice Department Reduces American Bar Association's Role in Judicial Nominations
U.S. Department of Energy Unveils 'Doudna' Supercomputer to Advance AI Research
U.S. SEC Dismisses Lawsuit Against Binance Amid Regulatory Shift
Alcohol Industry Faces Increased Scrutiny Amid Health Concerns
Italy Faces Population Decline Amid Youth Emigration
U.S. Goods Imports Plunge Nearly 20% Amid Tariff Disruptions
OpenAI Faces Competition from Cheaper AI Rivals
Foreign Tax Provision in U.S. Budget Bill Alarms Investors
Trump Accuses China of Violating Trade Agreement
Gerry Adams Wins Libel Case Against BBC
Russia Accuses Serbia of Supplying Arms to Ukraine
EU Central Bank Pushes to Replace US Dollar with Euro as World’s Main Currency
Chinese Woman Dies After Being Forced to Visit Bank Despite Critical Illness
President Trump Grants Full Pardons to Reality TV Stars Todd and Julie Chrisley
Texas Enacts App Store Accountability Act Mandating Age Verification
U.S. Health Secretary Ends Select COVID-19 Vaccine Recommendations
Vatican Calls for Sustainable Tourism in 2025 Message
Trump Warns Putin Is 'Playing with Fire' Amid Escalating Ukraine Conflict
India and Pakistan Engage Trump-Linked Lobbyists to Influence U.S. Policy
U.S. Halts New Student Visa Interviews Amid Enhanced Security Measures
Trump Administration Cancels $100 Million in Federal Contracts with Harvard
SpaceX Starship Test Flight Ends in Failure, Mars Mission Timeline Uncertain
King Charles Affirms Canadian Sovereignty Amid U.S. Statehood Pressure
Trump Threatens 25% Tariff on iPhones Amid Dispute with Apple CEO
Putin's Helicopter Reportedly Targeted by Ukrainian Drones
Liverpool Car Ramming Incident Leaves Multiple Injured
Australia Faces Immigration Debate Following Labor Party Victory
Iranian Revolutionary Guard Founder Warns Against Trusting Regime in Nuclear Talks
Macron Dismisses Viral Video of Wife's Gesture as Playful Banter
Cleveland Clinic Study Questions Effectiveness of Recent Flu Vaccine
Netanyahu Accuses Starmer of Siding with Hamas
Junior Doctors Threaten Strike Over 4% Pay Offer
Labour MPs Urge Chancellor to Tax Wealthy Over Cutting Welfare
Publication of UK Child Poverty Strategy Delayed Until Autumn
France Detains UK Fishing Vessel Amid Post-Brexit Tensions
Calls Grow to Resume Syrian Asylum Claims in UK
Nigel Farage Pledges to Reinstate Winter Fuel Payments
Boris and Carrie Johnson Welcome Daughter Poppy
×