| | |
Chinese puppet ruler, Vladimir Putin, submits to Peking:
Russia Forced to Submit to China on Key Project, Report Says
Nov 24, 2023
China appears to be dictating terms to Russia on the construction of the Power of Siberia 2 gas pipeline, a strategic project that has also been touted as a symbol of cooperation, according to a report in the South China Morning Post.
This shift in gas supplies would significantly enhance Beijing's energy security. However, the negotiations are complex, with a Russian source telling Hong Kong newspaper: "It's a specific presidential-level of pressure. It's about cheaper payment. They can demand deep discounts."
While China and Russia describe each other as strategic partners and are often allied in countering the United States and Western interests around the globe, their bilateral relationship is more complex. China's economy is almost 10 times the size of Russia's, and that gives it significant leverage even as it seeks Russia's natural resources to power its growth.
The Post reported likely delays in constructing the Russian natural gas project, a crucial financial lifeline for Moscow, particularly as the war in Ukraine puts it under Western sanctions and raises doubts over long-term relationships with European customers.
..........
A source told the paper that Beijing insists on a risk-free, cost-free approach to construction, expecting Russia to bear the entire expense.
...........
newsweek.com
newsweek.com |
|
