Venezuela: Maduro Signs Chinese Loan
- 9 years ago
Venezuelan President Nicolas Maduro met yesterday in Beijing with his Chinese counterpart Xi Jinping and signed a US$5 billion loan to boost oil production at home. Beijing is Venezuela's biggest creditor and Caracas sells the Asian giant 700,000 barrels of oil daily to pay its loans. While in the Chinese capital Maduro defended the recent measures taken by Venezuela to defend its economy and sovereignty along the Colombian border. teleSUR