Sanctions-Hit Russia Drops Off China’s Belt and Road Map – FT

China has halted Belt and Road Initiative (BRI) investments in Russia, seemingly due to the threat of western sanctions over Moscow’s invasion of Ukraine, the Financial Times reported.

Official lending between 2000 and 2017 totalled more than $125 billion, the FT said, but no deals had been struck this year, adding that Saudi Arabia had become one of the biggest BRI recipients.

Read the full report: Financial Times

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George Russell

George Russell is a freelance writer and editor based in Hong Kong who has lived in Asia since 1996. His work has been published in the Financial Times, The Wall Street Journal, Bloomberg, New York Post, Variety, Forbes and the South China Morning Post.

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