Chinese Tankers Divert Course from Venezuela Amidst Unclear Debt Picture
3 hours agoBusiness
28LENS
1 SourcesBeijing, China
TBNthebalanced.news
Chinese Tankers Divert Course from Venezuela Amidst Unclear Debt Picture

Two Chinese supertankers reportedly en route to Venezuela have made a U-turn, raising questions about Beijing's significant financial involvement with the oil-rich nation. Between 2000 and 2023, Venezuela received $106 billion in loans from China, making it the fourth-largest recipient of Beijing's official credit. However, the exact amount owed remains unclear as Venezuela ceased reporting debt details years ago.

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