ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

China and Russia hold the key to saving Venezuela from default

Cash-strapped country is banking on the two global powers as a last resort

RIO DE JANEIRO -- As Venezuela teeters on the brink of default, its fate may ultimately depend on whether China and Russia continue to provide support as a way to counter the U.S.

At a meeting with creditors on Monday, Venezuelan Vice President Tareck El Aissami sounded desperate. In addition to suffering from economic sanctions imposed by the U.S., his country is being forced out of financial systems, he told some 100 mostly American and European institutional investors.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more