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Russia Signs $3.5 Billion Energy Deals with China
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by sara star | October 13, 2009 at 03:36 pm
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Russia’s Prime Minister Vladimir Putin, together with a Russian business delegation, has sealed over 3.5 billion dollars in deals with China on energy, infrastructure and space exploration.
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A future pipeline will be built between Russia and China, according to Russian gas giant Gazprom CEO Aleksey Miller.
The agreement will see an estimated 70 billion cubic metres (bcm) delivered to China via two routes, with 30 bcm coming via a western route sourced in Western Siberia, and a further 30 bcm coming via an eastern route, sourced in East Siberia, the Russian Far East and Sakhalin.
“It makes perfect sense ... China is the second-biggest energy-demanding country in the world, and Russia is on some measures the largest energy-supplying country in the world. And they happen to be next to each other.”
Russian Prime Minister Vladimir Putin noted that cooperation between China and Russia is "one of the most crucial elements of stability in the world." and have agreed to notify one another of any launching both ballistically and orbitally.
Today’s world is neither safe nor balanced, and is facing a large number of threats in the economic, security, ecological and other spheres, Putin told the Chinese media on Tuesday.He also noted that Russia and China have been pursuing a peace-oriented foreign policy.
“We [Russia and China] are not waging wars anywhere and have no forces abroad,” he said.
They are both members of the UN, and have great influence when it comes to negotiation with Iran and North Korea.
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sara star
Halifax, NS, Canada
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Most RecentMost Recommended Comments (3)
at 15:53 on October 13th, 2009
"They are both members of the UN, and have great influence when it comes to negotiation with Iran and North Korea."
...and AFPAK too.
.Agent.
at 17:19 on October 13th, 2009
Russia and China are becoming very capitalist.
at 19:30 on October 13th, 2009
China is doing some very smart maneuvering. Gas and oil deals all over the world - enough it would seem - to keep them supplied even if there is trouble in the Middle East. It also gives them a large amount of pull in areas where they have not had a presence before. Spending as much of the dollar as they can, while it still has value.
Smart, very smart.