 They declared bankruptcy in April 2022, suspended repayments on some $83 billion in domestic and foreign loans, and the crisis began. U.S. Ambassador to China, meanwhile, saying China's support for Russia's full-scale, brutal invasion of Ukraine by providing technology that China provided for missiles and other weapons, a major mistake. Ambassador Nicholas Burns made the remark in a speech in China's financial hub of Shanghai. He also said China is not neutral, but is effectively sided with Russia in this war.