On December 2nd, Vladimir Putin and Xi Jinping launched the Power of Siberia gas pipeline via video link. Gas exports to China are intended to help Russia reduce its dependence on the European market. In the past ten years, Beijing has been bolstering its influence in the post-Soviet space. Why? Let us explain.[ Ссылка ]
The Power of Siberia pipeline, worth $16 billion, has connected Yakutia’s gas fields with the Chinese border. It is supposed to deliver 38 billion cubic metres of gas to China. This is one-and-a-half times more than Gazprom supplies to Italy, but a half of what is transported to Germany, and five times less than it supplies to all EU member-countries.
Russia was the first country that Xi Jinping visited as Head of the Chinese Communist Party. Since 2013, Vladimir Putin has met with his Chinese counterpart 28 times. For example, in 2018, he only negotiated more frequently with leaders of post-Soviet countries, and the leaders of Turkey and Japan.
The Kremlin views China as a partner in the confrontation with the West, and a sales market with no threat of sanctions, as well as a source of new technology and investments.
The story was part of Belsat TV show news show That Way (Vot Tak)
Photo on collage: Mikhail Metzel / TASS
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