President Vladimir Putin,standing, alongside Chinese counterpart Xi Jinping, standing center-right, in Shanghai in May, when Russia and China signed a much-anticipated gas deal.
Photo: Kremlin.ru
With multi-billion dollar energy deals between Moscow and Beijing
recently being pushed through, China, the world's second-biggest
economy, is benefiting the most from the spiraling tension between
Russia and the West over the violence in Ukraine... (read more)
The
new round of sanctions targets Russian oil, rather than gas, outlawing
exports of oil exploration equipment to Russia. About 30 per cent of the
European Union’s gas supply comes from Russia.Photograph: Luke
MacGregor/Reuters