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News China is gaining a foothold in Russia’s backyard

China is gaining a foothold in Russia’s backyard China is gaining a foothold in Russia’s backyard

Submitted by brooks | 4 months ago

VisitCHN - A week before today’s repeat parliamentary elections in Moldova, China signed an agreement to loan $1bn (£600m, €700m) to this cash-strapped, resource-poor country, nearly tripling Moldova’s external debt and issuing a direct challenge to the US and Russia for economic and political influence in this last outpost of elected Communist rule in the former Soviet

Tags: CHINA

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brooks 4 months ago

China can guarantee financing for all projects necessary and justified by the Moldovan side.

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