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To spread: During the visit of Russian President Vladimir Putin to China, Russia...
Economics

Millions to war against Ukraine: China will start to buy even more cheap oil in the Russian Federation

By Alex Janovskyi
To spread: During the visit of Russian President Vladimir Putin to China, Russia has entered into new energy agreements with Beijing. The largest Russian oil company Rosneft has agreed on annual supplies of additional 2. 5 million tons of oil to China. Delivery will be through the territory of Kazakhstan. This was announced by the Minister of Energy of the Russian Federation Sergey Tsyville, reports Interfact. Gas arrangements are also expanded in parallel.

On September 2, Gazprom announced the signing of the Agreement on the Construction of the Siberi-2 gas pipeline through Mongolia. According to Bloomberg, the head of the company Alexei Miller said that the pipeline will be able to supply up to 50 billion cubic meters of gas annually for 30 years. The cost of China will be lower than for European consumers. In addition, Gazprom has agreed to increase deliveries on the existing route "Siberia" by another 6 billion cubic meters per year.

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