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.
