Contents tagged with China

  • Russian gas not needed in China

    The gas demand in China is significantly lower than predicted by the Russian government, and a supply surplus has arisen on China’s internal market, Interfax Energy reports, citing the senior managers of Chinese energy companies.

    In 2020 the surplus will be around 9 billion cubic meters (bcm), predicts Sinopec, China’s second largest oil and gas corporation by extraction volume.

    With the Chinese government’s goal of using gas to provide 10% of the country’s energy mix by the end of 2020 (360 …

  • Putin: Russia's ties with China are free from external influence

    Russian President Vladimir Putin said that Moscow and Beijing have strong ties, which are free from external influence, reports RIA Novosti news agency.

    During a meeting with Chinese President Xi Jinping at the BRICS Summit, Putin said that "the ties between Russia and China are strong and stable, they are not influenced from outside and have a very good potential for development."

    According to Putin, Russia and China have a relationship based on friendship, mutual respect, and coordination …

  • Russia to pay China for Gazprom’s new megaproject

    The Russian government has officially given the green light to Gazprom’s new megaproject, a $12 billion gas and chemical complex in Ust-Luga, reports

    On Tuesday November 5, the state-owned company VEB.RF and the Baltic Chemical Complex (a fully-owned subsidiary of RusGazDobycha) signed a credit agreement to allocate 111 billion rubles ($1.75 billion) to the project.

    The enterprise’s raw materials will be ethane-containing natural gas from Gazprom’s fields in the Nadym-Pur-Taz …

  • Russia offers China one of Siberia’s largest oil fields

    Russian oil giant Rosneft and NefteGazHolding, a company belonging to Igor Sechin’s associate Eduard Khudainatov, are preparing to sell Asian investors a large share in oil fields in north-eastern Siberia.

    Citing federal officials and sources familiar with the negotiation proceedings, the Vedomosti news agency reported that buyers from China and India will be offered up to 40% of a project to unite four fields in Russia’s Krasnoyar Krai, including the fields that form part of the Vankor …

  • China: US’s Trident II intercontinental ballistic missile 10 times more reliable than Russia’s Bulava

    The basis of the peaceful coexistence of the major powers is nuclear parity. In late August and early September, submarine forces of both the US’s and Russia’s strategic nuclear deterrent performed a series of tests. The Chinese news outlet Sohu attempted to assess the reliability of the submarine-based missiles of the two world powers.

    In a possible world war, a strategic nuclear submarine equipped with intercontinental ballistic missiles (ICBMs) is the most formidable weapon. It is the least …

  • China bypasses Russia in trade with Ukraine

    The statistics on Foreign Trade published by the Ukrainian National Bank indicates that China bypassed Russia and became the leading trading partner of Ukraine. Its share in the total volume of trade in the first quarter of 2019 was 10.6%, while the share of Russia was 9.7%. At the end of 2018, the share of Russia was 11.5% and China 9.8%.

    In January-March, Ukraine exported goods to China for $621 million and imported for $1,928 billion (negative balance $1,306 billion). Exports to Russia …

  • China thanks Kyiv for passing on military technologies

    An article in the Chinese media has caused widespread expert and public discussion, especially in China itself. Even the title of the article being circulated by the Chinese press is controversial: “Thank you Ukraine. Over more than 20 years, this country has passed on so many major military technologies to China”.

    The article notes that China’s military industry has undergone considerable development in recent years. Notably, China is now producing its own aircraft carriers, 5th generation …

  • Russia hands over anti-missile technology to China

    Russian President Vladimir Putin at the plenary session of the Valdai Discussion Club said that Russia is helping China to create a missile warning system. According to him, only Russia and the United States have this technology now, reports Interfax news agency.

    "I probably will not reveal a big secret, it will become clear, anyway, that now we are helping our Chinese partners to create a system of the early-warning radar system," said Putin.

    The system, which includes ground-based radars …

  • Russia helps China create missile strike warning system

    Russian President Vladimir Putin said that Russia has been helping China to create a missile strike warning system,reports RBC news agency.

    “Perhaps I won’t reveal to you the big secret, but it will still become clear. We are currently helping our Chinese partners to create a missile strike warning system. It’s a very serious thing, which will fundamentally enhance China’s defensive capability. Because at present, only the US and Russia have such a system,” the president said during a session …

  • Belarus finds new ‘big brother’ instead of Russia

    By the end of 2019, Belarus plans to sign a credit agreement with the China Development Bank to replace the loan it did not receive from Russia, reports, citing Belarusian Finance Minister Maksim Yermolovich.

    According to the minister, the Chinese bank has only provisionally agreed to give Minsk up to $500 million. The interest rate is still being discussed, and the loan will be denominated in yuans.

    “For quite a long time we have been building such relations with the Russian …