Saudi Press

Saudi Arabia and the world
Saturday, Feb 28, 2026

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

Saudi Press
0:00
0:00
Close
Emerging Saudi–Turkish Alignment Draws Attention as Potential Strategic Challenge for Israel
Saudi Arabia Unveils $100 Billion Technology Investment Fund to Accelerate Post-Oil Diversification
US Lawmakers Question White House Consideration of Saudi Nuclear Enrichment Framework
Saudi Arabia Reaffirms Firm Commitment to Two-State Solution in Renewed Diplomatic Push
Saudi Arabia Launches Central Kitchen in Gaza to Deliver 24,000 Meals a Day
Saudi Arabia Announces $346 Million Support Package for Yemen in Renewed Humanitarian Push
Saudi Investors Increase US Equity Exposure Amid Domestic Market Weakness
Saudi Arabia Unveils Major Desert Gas Development in Strategic Shift Toward Diversified Energy Growth
Satellite Images Indicate Increased Aircraft Presence at Saudi Airbase Hosting US Forces
Telephone Diplomacy Sparks Tensions Between Two Key US Allies After Trump Intervention
Asian LPG Prices Surge After Damage Forces Saudi Aramco Export Disruptions
Saudi Arabia Unveils $100 Billion AI Infrastructure Fund to Challenge US and China
Saudi Stocks Close Lower as Tadawul All Share Index Falls 1.28 Percent
Saudi Arabia Launches Smart Mapping System to Enhance Pilgrim Experience at Holy Sites
Cristiano Ronaldo Acquires 25 Percent Stake in Saudi-Owned Spanish Club Almería
U.S.–Saudi Relations Balance Transactional Deal-Making with Expanding Strategic Ambitions
Israel’s President Herzog Signals Cautious Message on Saudi Ties at UAE Iftar in Tel Aviv
United States and Saudi Arabia Strengthen Security Ties with Joint Explosive Ordnance Disposal Exercise
Saudi Arabia Responds to Israel–UAE Moves in Somalia as Regional Rivalries Intensify
Saudi Arabia Showcases Expanding Defense Ambitions at World Defense Show 2026
SECRETARY RUBIO on IRAN: Iran poses a very great threat to the United States, and has for a very long time.
Larry Summers, the former U.S. Treasury Secretary, is resigning from Harvard University as fallout continues over his ties to Jeffrey Epstein.
U.S. stocks ended higher on Wednesday, with the Dow gaining about six-tenths of a percent, the S&P 500 adding eight-tenths of a percent, and the tech-heavy Nasdaq climbing roughly one-and-a-quarter percent.
Nvidia posted better than expected results for the January quarter on Wednesday and forecast current quarter revenue above market estimates.
Saudi Arabia’s Coffee Renaissance Gains Momentum as Investment and Heritage Drive Industry Growth
Saudi Shipping Leader Bahri Expands Fleet as Tanker Rates Approach $200,000 a Day
Saudi Arabia Advances First National Urban Policy Through High-Level Leadership and Institutional Alliances
Major Life Sciences Summits to Spotlight Saudi Arabia’s Rise as Regional Biotech and Pharma Hub
Saudi Arabia Reframes Red Sea and Horn of Africa Strategy Amid Rising Security and Trade Stakes
Saudi Arabia Recalibrates Its Role in Shifting Regional and Global Power Dynamics
Saudi Retail Signals to Global Brands: Localise or Lose Ground in a Rapidly Evolving Market
Saudi Arabia Looks to Human Capital Investment to Unlock Demographic Dividend
Saudi Arabia and Iran Increase Oil Exports Amid Escalating Middle East Tensions
Saudi Data Protection Authority Intensifies Enforcement Under Personal Data Law
Saudi Arabia Raises Oil Output and Exports Amid Contingency Planning Over Iran Tensions
USS Gerald R Ford Arrives in Souda, Crete
Saudi Sovereign Wealth Fund Unit Expands Push Into Global Private Credit
Saudi Arabia Eases Headquarters Rules to Attract More Foreign Firms
Saipem Secures Major Offshore Pipeline Contract in Saudi Arabia
Saudi Arabia’s Targeted Oil Export Cuts to the US Seen as Strategic Signal Amid Global Supply Glut
Nemetschek Arabia Signs Strategic MoU with Saudi Facility Management Association
Gulf Markets Close Mixed as Saudi Shares Slip on Budget Deficit Concerns
Saudi Arabia Posts Largest Quarterly Budget Deficit in Years Amid Weaker Oil Revenues and Higher Spending
U.S. Lawmaker Urges Safeguards on Saudi Civil Nuclear Deal as Trump Administration Advances Agreement
Saudi Arabia and Gulf Allies Rally Behind Kuwait in Escalating Maritime Border Dispute with Iraq
Universal Aviation Secures License to Operate and Manage New General Aviation Terminal in Dammam
Tucker Carlson’s Saudi Arabia Remarks Spark Debate Over Israel Stance
GCC Secretary-General Holds Talks with EU Ambassador in Riyadh
Gulf States’ AI Investment Drive Seen as Strategic Bet on Technology and U.S. Security Ties
African Union Commission Chair Meets Saudi Vice Foreign Minister to Deepen Strategic Cooperation
×