Sweet-and-Sour Sino-Russian Gas Project

... the same time, by satisfying a quarter of its energy demand through purchases Russian gas makes China seem a reliable party with respect to its COP21 pledges of wagging a “ war on pollution ”. For Russia, however, the final outcome of the gas deal seems to be less exciting. Even though “Power of Siberia” pipeline is likely to cause problems for petrodollar given the yuan-to-rubble conversion agreed upon by VTB and the Bank of China, however, it does not make the project any less costly for Gazprom. Moreover, the lengthy negotiations ...