FACTBOX | How much does Venezuela owe China, and why is oil involved?

Venezuela owes China significant debts, with estimates ranging from $10bn to $15bn, primarily from oil-backed loans. Despite a sovereign default and US sanctions, Venezuela continues to service debts to China through crude oil shipments.

FACTBOX | How much does Venezuela owe China, and why is oil involved?
Venezuela owes China significant debts, with estimates ranging from $10bn to $15bn, primarily from oil-backed loans. Despite a sovereign default and US sanctions, Venezuela continues to service debts to China through crude oil shipments.