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Power Of Siberia 2

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Beijing's leverage eclipses Moscow as gas deals and yuan financing reshape Russia
world1 hour ago

Beijing's leverage eclipses Moscow as gas deals and yuan financing reshape Russia

Four years of war and Western sanctions have shifted the Russia–China relationship in Beijing's favor: Xi publicly treats Putin as an equal while privately extracting concessions, pressing for below-market terms on Power of Siberia 2, expanding trade and yuan-based financing for a development bank, and deepening ties that leave Moscow more dependent on China even as it seeks to guard against instability around North Korea and the broader Western order.

via Meduza|
#china-russia#gas-politics#power-of-siberia-2
Putin-Xi Talks Fail to Seal PS-2 as Ukraine Counterattacks Intensify
world1 month ago

Putin-Xi Talks Fail to Seal PS-2 as Ukraine Counterattacks Intensify

During Putin’s visit to China, Moscow and Beijing did not secure a Power of Siberia-2 pipeline deal, signing only minor bilateral accords. Meanwhile Ukraine is regaining tactical momentum across multiple fronts, recapturing Kupyansk and pushing in western Zaporizhzhia, while Russian forces push elsewhere. Kyiv’s long-range strikes hit Russian oil refining and energy facilities, constraining production, and a broad Russian missile/drone campaign targeted Ukrainian infrastructure. Ukrainian sources claim high Russian casualties and Moscow’s recruitment is lagging, with ISW noting redeployments from Kupyansk to Lyman and ongoing infiltration efforts. Overall, Ukraine appears to be tightening its grip on several sectors as Moscow reorients to defense and rear-area priorities.

via Institute for the Study of War|
#isw-assessment#oil-infrastructure-strikes#power-of-siberia-2
Xi-Putin pledge lasting ties as Siberia 2 gas pipeline talks stall
world1 month ago

Xi-Putin pledge lasting ties as Siberia 2 gas pipeline talks stall

Xi Jinping and Vladimir Putin sealed more than 40 bilateral deals but failed to clinch a breakthrough on the Power of Siberia 2 gas pipeline, underscoring Beijing’s growing leverage as Moscow shifts energy exports toward China; the leaders touted close ties and broad cooperation while reaffirming China’s One China stance and Russia’s position on Ukraine, with analysts seeing the pipeline setback as a sign of a rebalanced relationship toward Beijing.

via CNBC|
#china-russia-relations#gas-pipeline#power-of-siberia-2
Beijing Summit Pushes Multipolar World Vision for Russia and China
world1 month ago

Beijing Summit Pushes Multipolar World Vision for Russia and China

Putin and Xi unveiled a joint declaration to advance a “multipolar world” and signed 20 agreements (with 20 more to come), while extending their long-standing partnership and pledging closer bilateral cooperation despite ongoing Western tensions. A firm launch date for the Power of Siberia 2 gas pipeline was not set, though the route via Mongolia and a 50 billion cubic meters per year capacity were discussed. Xi described their relationship as a model for major powers and both leaders stressed sovereign foreign policy and regional stability as they seek to broaden cooperation beyond Europe and the United States.

via The Moscow Times|
#multipolar-world#power-of-siberia-2#putin