Taiwan to Launch $1 Billion Lithuania Credit Fund Amid Beijing Pressure

Taiwan to Launch $1 Billion Lithuania Credit Fund Amid Beijing Pressure
Taiwan National Development Council Minister Kung Ming-hsin poses during an interview with Reuters in Taipei, Taiwan on April 23, 2021. Ben Blanchard/Reuters
Reuters
Updated:

VILNIUS—Taiwan will launch a $1 billion credit programme to help fund joint projects between Lithuanian and Taiwanese companies in six business categories, a Taiwan government minister said on Tuesday.

Lithuania is under pressure from China which claims democratically ruled Taiwan as its own territory, to reverse a decision last year to allow the island to open a de-facto embassy in Vilnius under its own name.