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Biden says he is sure China will try to work out arrangement with Taliban

U.S. President Joe Biden said on Tuesday he was certain China would try to work out an arrangement with the Taliban after the Islamic insurgents seized power in Afghanistan on Aug. 15.

Asked if he was worried that China would fund the group, which is sanctioned under U.S. law, Biden told reporters, "China has a real problem with the Taliban. So they're going to try to work out some arrangement with the Taliban, I'm sure. As does Pakistan, as does Russia, as does Iran. They're all trying to figure out what do they do now."

The United States and its Group of Seven allies have agreed to coordinate their response to the Taliban, and Washington has blocked the Taliban's access to Afghanistan's reserves, most of which are held by the New York Federal Reserve, to ensure they live up to their pledges to respect women's rights and international law.

But experts say much of that economic leverage will be lost if China, Russia or other countries provide funds to the Taliban.

Reference: CNBC