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Montenegro in ‘final phase’ of talks with Europe to refinance US$809 million debt to China

  • Beijing has invested billions of dollars in the Western Balkans as part of its Belt and Road Initiative to expand Chinese influence in the region
  • A 2014 Chinese loan for the construction of a stretch of the highway to the border with Serbia, sent Montenegro’s debt soaring and forced the Montenegrin government to ask for EU help

Reuters

Updated: 2:09am, 18 Jun, 2021

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