Foreign Policy Blogs

Russia and China in massive energy deal

Chinese Vice Premier Wang Qishan and Russian Deputy Prime Minister Igor Sechin in Beijing

Chinese Vice Premier Wang Qishan and Russian Deputy Prime Minister Igor Sechin in Beijing. Credit: China Daily.

On Tuesday, Russian and Chinese leaders signed a massive $25 billion energy deal.  The agreement sees Russia providing energy-hungry China with secure oil supplies (300,000 barrels per day) for the next 20 years.  In return, China will provide Russia with advantageous loans with $15 billion to Rosneft (the state-owned oil company) and $10 billion to Transneft (the state-owned pipeline company).  Read more about it here.

 

Author

Christopher Herbert

Christopher Herbert is an analyst of foreign affairs with specific expertise in US foreign policy, the Middle East and Asia. He is Director of Research for the Denver Research Group, has written for the Washington Post’s PostGlobal and Global Power Barometer and has served on projects for the United States Pacific Command and the Defense Advanced Research Projects Agency. He has degrees from Yale University and Harvard University in Middle Eastern history and politics and speaks English, French, Arabic and Italian.

Area of Focus
US Foreign Policy; Middle East; Asia.

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