Bermuda Post

Sunday, Mar 26, 2023

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.

Related Articles

Bermuda Post
In a dramatic U-turn against His Government: Judicial Overhaul Legislation Must Be Halted, Says Israeli Defense Minister Yoav Gallant
Powell: Silicon Valley Bank was an 'outlier'
Donald Trump arrested – Twitter goes wild with doctored pictures
NYPD is setting up barricades outside Manhattan Criminal Court ahead of Trump arrest.
Credit Suisse's Scandalous History Resulted in an Obvious Collapse - It's time for regulators who fail to do their job to be held accountable and serve as an example by being behind bars.
Home Secretary Suella Braverman tours potential migrant housing in Rwanda as asylum deal remains mired in legal challenges
Paris Rioting vs Macron anti democratic law
'Sexual Fantasy' Assignment At US School Outrages Parents
Credit Suisse to borrow $54 billion from Swiss central bank
Russian Hackers Preparing New Cyber Assault Against Ukraine
Jeremy Hunt insists his Budget will get young parents and over-50s back into work
If this was in Tehran, Moscow or Hong Kong
Nashville police officer, and a female driver shooting one another
TRUMP: "Standing before you today, I am the only candidate who can make this promise: I will prevent World War III."
Mexican President Claims Mexico is Safer than the U.S.
A brief banking situation report
Lady bites police officer and gets instantly reaction
We are witnessing widespread bank fails and the president just gave a 5 min speech then walked off camera.
Donald Trump's asked by Tucker Carlson question on if the U.S. should support regime change in Russia?.
'No relation to the American SVB': India's SVC Bank acts to calm depositors amid brand name confusion.
Good news: The U.S. government is now guaranteeing all deposits, held by, Silicon Valley Bank, and the funds are available as of today
Silicon Valley Bank exec was Lehman Brothers CFO
In a potential last-ditch effort, HSBC is considering a rescue deal to save Silicon Valley Bank UK from insolvency
BBC Director General, Tim Davie, has apologized, but not resigned, yet, following the disruption of sports programmes over the weekend
Elon Musk Is Planning To Build A Town In Texas For His Employees
The Silicon Valley Bank’s collapse effect is spreading around the world, affecting startup companies across the globe
City officials in Berlin announced on Thursday that all swimmers at public pools will soon be allowed to swim topless
Fitness scam
Market Chaos as USDC Loses Peg to USD after $3.3 Billion Reserves Held by Silicon Valley Bank Closed.
A primitive judge in Australia sparked outrage when he told a breastfeeding woman to leave his courtroom for being “a distraction"
Barcelona is feeling the heat as they face corruption charges over payments to former vice-president of Spain's referees' committee, Jose Maria Enriquez Negreira
Senator Tom Cotton: If the Mexican Government Won’t Stop Cartels from Killing Americans, Then U.S. Government Should
Banking regulators close SVB, the largest bank failure since the financial crisis
The unelected UK Prime Minister Rishi Sunak, an immigrant himself, defends new controversial crackdown on illegal migration
Old clip of Bill Gates saying Ukraine is a big, fat, corrupt sinkhole is going viral
Man’s penis amputated by mistake after he’s wrongly diagnosed with a tumour
In a major snub to Downing Street's Silicon Valley dreams, UK chip giant Arm has dealt a serious blow to the government's economic strategy by opting for a US listing
How do stolen goods end up on Amazon, eBay and Facebook Marketplace?
It's the question on everyone's lips: could a four-day workweek be the future of employment?
Is Gold the Ultimate Safe Haven Asset in Times of Uncertainty?
Spain officials quit over trains that were too wide for tunnels...
Don Lemon, a CNN anchor, has provided a list of five areas that he believes the black community needs to address.
Hello. Here is our news digest from London.
Corruption and Influence Buying Uncovered in International Mainstream Media: Investigation Reveals Growing Disinformation Mercenaries
Givenchy Store in New York Robbed of $50,000 in Merchandise
European MP Clare Daly condemns US attack on Nord Stream
Former U.S. President Carter will spend his remaining time at home and receive hospice care instead of medication
Tucker Carlson called Trump a 'demonic force'
US Joins 15 NATO Nations in Largest Space Data Collection Initiative in History
White House: No ETs over the United States