Latest News
IEA opposes establishment of new fund to handle frozen assets
Afghanistan’s central bank, Da Afghanistan Bank (DAB), has slammed Washington’s decision to create a new international financing mechanism to distribute $3.5 billion worth of Afghanistan’s frozen assets, claiming the move was “unacceptable”.
On Wednesday, the US State Department announced that Washington, in coordination with international partners including the Government of Switzerland and Afghan economic experts, has established the Afghan Fund, which will see the money transferred to a Swiss bank.
On Thursday, DAB issued a statement asking for the decision to be reconsidered.
“Da Afghanistan Bank has measured any decision regarding the allocation, use or transfer of these reserves to achieve unrelated goals as unacceptable and requested [the US] to be reconsider it,” the statement said.
“Da Afghanistan Bank’s foreign exchange reserves are the property of the Afghan people and have been used for many years in the light of the law to maintain monetary stability, strengthen the financial system and facilitate trade with the world.
In a press briefing on Wednesday night, State Department spokesman Ned Price said: “Today, the Department of State and the Department of the Treasury, in coordination with international partners including the Government of Switzerland and Afghan economic experts, announced the establishment of a fund to benefit the people of Afghanistan.”
“This fund will protect and preserve the Afghan central bank reserves, while making targeted disbursements to help stabilize Afghanistan’s economy and, ultimately, support its people and work to alleviate the worst effects of the humanitarian crisis,” he said.
He stated the Islamic Emirate of Afghanistan (IEA) is “not a part of this financing mechanism and resources disbursed will be for the benefit of the Afghan people, with clear safeguards and auditing in place to protect against diversion or misuse.”
He said however that the Afghan Fund is “explicitly not intended to make humanitarian disbursements. The Afghan Fund itself is to facilitate macroeconomic stability inside Afghanistan.”
“This is not what that fund is for. This fund is to provide macroeconomic stability in Afghanistan that will enhance the effectiveness of humanitarian assistance from the United States and other donors.”
Former president of Afghanistan, Hamid Karzai, also disagreed with the decision and said any move to transfer the money to a third country was unacceptable and the assets should remain the “national treasure of the people” of Afghanistan.
Some experts however believe that by transferring the money to a fund of this nature is opening the way for wastage and the Afghan people will ultimately pay the price.
“From my point of view, the decision of the US government is very cruel to the Afghan national bank and Afghans should not be treated this way,” said Taj Mohammad Talash, an economic analyst.
Latest News
Latvia launches human trafficking investigation after Epstein file release
Latvia has launched a criminal investigation into potential human trafficking after the release of documents related to late U.S. sex offender Jeffrey Epstein that included references to Latvian model agencies and models, police in the Baltic nation said on Thursday.
The investigation, which also involves Latvia’s prosecutors and its Organised Crime Bureau, will centre on “the possible recruitment of Latvian nationals for sexual exploitation in the United States”, police said in a statement, Reuters reported.
It has asked potential victims to come forward.
Latvian President Edgars Rinkevics called for the investigation after the public broadcaster reported the Epstein documents included passport data and travel details for several Latvian women.
Eriks Neisans, head of the Natalie modelling agency mentioned in the documents, denied any knowledge of wrongdoing to the public broadcaster.
The U.S. Justice Department’s recent release of millions of internal documents related to Epstein has revealed the late financier and sex offender’s ties to many prominent people in politics, finance, academia and business – both before and after he pleaded guilty in 2008 to prostitution charges.
Latvia’s neighbour Lithuania has launched its own investigation into human trafficking earlier this week.
Latest News
Afghans among top asylum seekers in Russia in 2025, report shows
Afghan citizens were among the top three nationalities applying for asylum in Russia in 2025, according to new statistics reviewed by TASS. The figures show that 281 Afghan nationals submitted asylum requests during the year, placing Afghanistan in the third-highest position.
The data shows that Syrians ranked second with 3,196 applications. The highest number of requests came from Ukrainian citizens, who filed 3,332 applications in 2025—slightly lower than in previous years but still the largest group overall.
Uzbekistan (176 applicants) and Germany (129) also appeared among the top five nationalities seeking asylum in Russia last year. Overall, 8,220 foreigners applied for temporary asylum in 2025, an increase of 1,341 compared to 2024.
Temporary asylum in Russia grants legal residence, permission to work without a permit, access to medical care under compulsory insurance, travel documents, education opportunities, and financial assistance. It is also considered the first step toward securing a temporary residence permit and eventually Russian citizenship.
Latest News
IEA ambassador meets top Chinese diplomat for Asia
Bilal Karimi, the Ambassador of the Islamic Emirate in Beijing, met on Thursday with Liu Jinsong, head of the Asian Department of China’s Ministry of Foreign Affairs, and Yue Xiaoyong, China’s Special Representative for Afghanistan. The officials discussed political, economic, and commercial relations between the two countries, the activation of the Wakhan corridor, consular affairs, and other related issues.
According to a statement from the Embassy of Afghanistan in China, Karimi praised China’s positive stance toward Afghanistan and considered cooperation between the two countries necessary.
The statement added that Liu and Yue, while respecting Afghanistan’s independence, territorial integrity, and sovereignty, also emphasized the continuation of cooperation.
-
Sport5 days agoAFC Futsal Asian Cup: Afghanistan to face Iran in crucial Group D clash
-
Sport4 days agoAFC Futsal Asian Cup 2026: Final eight confirmed
-
Sport4 days agoAfghanistan in new kit for T20 World Cup warm-up against Scotland
-
Sport5 days agoIran see off spirited Afghanistan to finish top of Group D
-
Sport3 days agoJapan trumps Afghanistan 6-0 in AFC Futsal Asian Cup quarter-final
-
Sport2 days agoHosts and heavyweights advance as AFC Futsal Asian Cup reaches semifinals
-
International Sports4 days agoPakistan to boycott T20 World Cup group match against India
-
Latest News5 days agoAfghanistan, Turkmenistan discuss TAPI, rail and power projects in Herat meeting
