I want to create the same shape as the following image (effect between a circle and a rectangle):

I know that the shape of the circle is constructed using border-radius , and the rectangular shape with some unordered list has a display: block style . But I can’t figure out how to keep the circle above the rectangle so that it looks like part of the rectangle is cut off by a circle in the shape of a circle (white color space between the circle and the rectangle).
I tried shadow, outline, overflow, etc., but it does not work.
Can someone tell me how I can design a shape just like an image? - Thanks