In Venezuela, China’s oil-for-loan deals run into debt restructuring, US ‘gatekeeper’ risk

Venezuela is preparing to disclose a $240 billion debt, a figure comparable to Greece's 2012 default and potentially the largest sovereign resolution in Latin America. Analysts suggest the United States is the main impediment to ongoing oil-for-loan agreements between China and Venezuela, introducing uncertainty into this massive debt restructuring. The article does not specify when Venezuela's president, Nicolas Maduro, was "abducted" by Washington, nor does it provide details on the nature of the debt or the specific terms of the oil-for-loan deals. The disclosure of Venezuela's debt is expected in the coming weeks.