Russia owes China $169 billion as sanctions deepen Beijing’s financial leverage
Economies cut off from Western capital markets by sweeping sanctions account for nearly a third of Beijing’s total debt portfolio, according to World Bank and Yahoo Finance data published by Data Explained.
Russia owes China $169 billion, as extensive Western sanctions have forced the country to seek financial assistance from Beijing, according to data provided by the World Bank and Yahoo Finance. This debt constitutes 30.1% of China's total debt portfolio, which stands at $1.031 trillion and is owed by 30 countries. The three largest debtors are Russia, Venezuela, and Iran, with Russia owing the most at $169 billion.
Combined, these three countries account for nearly a third of China's debt. The concentration of debt among these countries allows Beijing to exert significant financial leverage over lending terms and increase its political influence.
Written by urgent.news from New Voice of Ukraine's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
