Ask anything Thread

[toroman]

The United States captures Maduro! Is this a defeat for China? Will the next ruler of Venezuela pay the debt owed to China (about 60-70 billion dollars)? What can China do to recover this
huge some of money?

 

[sanctionsevader]

The United States captures Maduro! Is this a defeat for China? Will the next ruler of Venezuela pay the debt owed to China (about 60-70 billion dollars)? What can China do to recover this
huge some of money?

Venezuela already repaid almost all of the 60b figure, currently estimated around 11b remaining and the debt was in a "oil for loans" deal so probably they'd repay via shipping crude. If that's blocked by US blockade then that's a force majeur event for the deal, i'd assume that's covered in the deal.