BR100 Decreased By (-0.05%)
BR30 Increased By (0.08%)
KSE100 Decreased By (-0.09%)
KSE30 Increased By (0.02%)
AGHA 7.71 Decreased By ▼ -0.21 (-2.65%)
BECO 5.18 Decreased By ▼ -0.02 (-0.38%)
BML 58.00 Decreased By ▼ -1.25 (-2.11%)
BOP 33.43 Decreased By ▼ -0.25 (-0.74%)
CNERGY 10.22 Increased By ▲ 0.41 (4.18%)
CSIL 5.35 Decreased By ▼ -0.07 (-1.29%)
FCCL 54.00 Increased By ▲ 0.48 (0.9%)
FFL 16.38 Decreased By ▼ -0.30 (-1.8%)
FNEL 1.21 No Change ▼ 0.00 (0%)
KEL 7.19 Decreased By ▼ -0.16 (-2.18%)
KOSM 5.57 Decreased By ▼ -0.04 (-0.71%)
LOTCHEM 28.99 Decreased By ▼ -0.12 (-0.41%)
MLCF 95.82 Increased By ▲ 0.32 (0.34%)
NBP 202.61 Decreased By ▼ -1.74 (-0.85%)
NCPL 56.83 Decreased By ▼ -1.41 (-2.42%)
NPL 66.99 Decreased By ▼ -0.80 (-1.18%)
OGDC 318.50 Increased By ▲ 0.56 (0.18%)
PACE 10.66 Decreased By ▼ -0.05 (-0.47%)
PAEL 41.40 Decreased By ▼ -0.43 (-1.03%)
PIBTL 16.55 Increased By ▲ 0.05 (0.3%)
PPL 221.30 Increased By ▲ 1.56 (0.71%)
PRL 47.63 Increased By ▲ 3.04 (6.82%)
PTC 70.50 Decreased By ▼ -0.27 (-0.38%)
SSGC 28.90 Decreased By ▼ -0.03 (-0.1%)
TBL 9.82 Decreased By ▼ -0.02 (-0.2%)
TELE 8.85 Increased By ▲ 0.09 (1.03%)
TPL 17.21 Increased By ▲ 0.76 (4.62%)
TPLP 12.30 Increased By ▲ 0.20 (1.65%)
TREET 22.50 Decreased By ▼ -0.30 (-1.32%)
TRG 59.49 Decreased By ▼ -0.54 (-0.9%)
By

MOSCOW: Russia on Monday called on the United States to release Afghan central bank reserves that Washington blocked after the Taliban’s takeover of Kabul earlier this month.

“If our Western colleagues are actually worried about the fate of the Afghan people, then we must not create additional problems for them by freezing gold and foreign exchange reserves,” said the Kremlin’s envoy to Afghanistan Zamir Kabulov.

The United States must urgently unfreeze these assets, he said on the state-run Rossiya 24 network, “to bolster the rate of the collapsing national currency”.

Kabulov added that without doing so the new Afghan authorities will turn to “the trafficking of illegal opiates” and “sell on the black market the weapons” abandoned by the Afghan army and the United States.

‘Taliban will not get access to Afghan reserves held in US’

The Afghan central bank’s gross reserves totalled $9.4 billion at the end of April, according to the IMF. The majority of these funds are held outside of Afghanistan.

Washington has indicated that the Taliban will not have access to assets held in the United States, without specifying the total amount there.

Afghanistan has long been the world’s largest producer of opium and heroin, with profits from the illicit trade helping fund the Taliban.

Comments

Comments are closed for this article.