Did Venezuela Just Lose A Key Ally?
Did Venezuela Just Lose A Key Ally? By Nick Cunningham – Mar 21, 2018, 3:00 PM CDT
Venezuela’s debt crisis is only expected to grow worse this year, and the government could be without one of its most important benefactors, raising the odds of yet another default.
China has sent around $50 billion to Venezuela over the years, loans that were repaid in oil shipments. China needed oil and Venezuela needed cash, and the relationship worked for a period of time. But as Venezuela’s economic situati…