Montenegro, the first victim of China's debt-trap diplomacy - New Eastern Europe - A bimonthly news magazine dedicated to Central and Eastern European affairs
Chinese yuan bills Photo: Japanexperterna.se flickr.com Montenegro, one of the presumed front-runners of the EU accession process, is facing a financial predicament. The Western Balkan country is struggling to pay off a 1 billion US dollar Chinese loan for a controversial highway project, which has put the country in a dire financial situation. The expected debt repayment will begin in July of this year. This has put the newly elected government of Prime Minister Zdravko Krivokapić in a difficult situation. Krivokapić, who expressed his opposition to the highway project in 2014, has turne...