Feb. 12 (UPI) -- The U.S. government issued a warning to Peru after a judicial ruling limited that nation's oversight over the Chancay megaport, one of the country's main port infrastructures operated by China's Cosco Shipping.
"We are concerned by recent reports indicating Peru may be unable to oversee Chancay, one of its most important ports, under the jurisdiction of predatory Chinese owners," the State Department's Bureau of Western Hemisphere Affairs said in a statement posted on X.
The publication underscored "Peru's sovereign right to supervise critical infrastructure in its own territory" and questioned the origin of investment in the megaport located north of Lima.
"Let this serve as a warning to the region and the world: cheap Chinese money costs sovereignty," the U.S. authority said.
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