China Belt & Road spend in Russia, Sri Lanka falls to zero: Report

China’s Belt and Road financing and investments fell in the first half, with no new spending in Russia, Sri Lanka and Egypt, according to a study by the Green Finance & Development Center.

Financing and investments were at $28.4 billion in the first six months, compared with $29.4 billion in the same period a year earlier, according to the center which is an affiliate of Fudan University. The first-half figures were 40 per cent lower compared with the same period in 2019, it said.

About $11.8 billion went toward investments and $16.5 billion went to construction contracts partly financed by Chinese loans.