BUSINESS● ELEVATEDJun 26 · Jun 26, 2026, 1:00 PM
In Venezuela, China’s oil-for-loan deals run into debt restructuring, US ‘gatekeeper’ risk
South China Morning Post
The United States represents the primary obstacle to continuing oil-for-loan arrangements between China and Venezuela, analysts say, creating a significant wild card in what ranks among the largest debt restructurings in history. Following Washington’s abduction in January of Venezuela’s then president, Nicolas Maduro, Caracas is set to reveal a US$240 billion debt pile, according to a Financial Times report on Wednesday. The disclosure, expected in the coming weeks, rivals the €200 billion...
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