China has been waiving no intrest loans, which can not be repaid. Debt restructuring inckuding forgiving loans is part of a debt trap too.
Beijing, which has come under criticism for its lending practices to poorer nations, accounts for almost 40% of the bilateral and private-creditor debt that the world’s poorest countries need to service this year, according to the World Bank. It has helped forge recent debt-relief agreements, participating in the Group of 20 suspension of repayments during the pandemic.
(From the Bloomberg article) The amount is certainly right and already working with the Western lenders as well.
The AlJazeera opinion piece you linked shows pretty well, what it means. After all the IMF adjustment programs were how the West was able to exploit the South. China is starting to take part in that exact process.
Obviously those are just loans. Do you seriously believe they sign documents named “debt traps”?
RT is not bannd, but sanctioned due to being fully owned by the Russian government. The content they produce is not illegal, but US companies are not allowed to work with them. Stripe just wants to avoid problems and bsas them, due to Blinken claiming they are connected. That does not have to be true, but it pretty much gurantees legal trouble for Stripe, if they keep them as clients.
But also they are clearly professionals. Most employees having worked for Russian, Chinese, Iranian or Venezuelan state media is a clear sign. It also makes a direct connection to RT much more likely. So I get why Stripe wants to get far away from this.