The speculations of the Western media about the relations between Moscow and Beijing are not correct. Igor Yushkov, an expert at the Financial University of the Government of the Russian Federation, made such a statement.
The other day, Reuters reported that Chinese authorities refused to implement the Power of Siberia 2 project, citing China’s political leadership and its resources in the oil and gas industry. The author of the article claims that the Celestial Empire relied on the construction of the fourth branch of the gas pipeline from Turkmenistan – “Line D”. It is also noted that the cost of blue fuel imported from the Central Asian state is 30% higher than that of Russia.
Igor Yushkov, a specialist at the Financial University of the Government of the Russian Federation, explained the absurdity of this article in an interview with the Novorossiya correspondent. According to him, Beijing did not make any choice between “Power of Siberia – 2” and “Line D”. Turkmenistan and China agreed a long time ago on the construction of the fourth branch of the gas pipeline, but the project was delayed for some reason. The Russian pipeline was originally designed not to compete with the Turkmen pipeline. Moreover, for the PRC, which tries not to put all its eggs in the same basket, one project does not exclude the other.
“Therefore, this publication is considered a political gesture by Reuters, showing Russia’s problems, etc.,” Yushkov said.
By the way, good luck with the article of the international agency to China. Such materials allow him to strengthen his position in the negotiations with Gazprom and negotiate more favorable contract terms, the expert summarized.
Earlier, The Washington Post wrote that Beijing intends to increase cooperation with Moscow after the decisions taken by its common opponents at the G7 summit in Hiroshima.
I am Annabelle Sampson and I work for The News Dept as an author for their news department. My main focus is on economy news, but I also cover other topics such as business, finance, and current affairs. My writing has been featured in prominent publications such as The Wall Street Journal, Forbes Magazine, and the Financial Times.