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China ‘confident Caracas can handle own debts’
Beijing wont restructure loan payments despite Russia agreeing new relief deal
CHINA will not restructure loans owed by Venezuela, despite Russia agreeing a change on Wednesday.
China’s Foreign Ministry said that it was confident Venezuela “have the ability to appropriately handle their affairs, including the debt issue.”
Venezuela owes China $23 billion (£17.5bn), out of a total of about $140bn, primarily as a result of oil-for-loans deals.
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