Russia-Ukraine war: Russia announces fresh sanctions against UK figures over ‘hostile’ actions – as it happened
www.theguardian.com
Mon, 03 Jun 2024 18:00:37 +0300
Establishment figures, journalists and experts banned from entering country over what it terms provocative antiRussian rhetoricHeres a bit of detail from the Financial Times report that the Power of Siberia2 gas pipeline project has run into trouble.
Spokespeople for both Beijing and Moscow issued statements in relation to reports that the project is deadlocked so in case youve not read the FTs report, this is what thats all about.Citing three people close to the matter, the FT reported that the Power of Siberia2 gas pipeline project has stalled over demands made by Beijing on price and supply levels.What is Beijing asking for It concerns both prices and supply, according to the FTs sources.
The people familiar with the matter told the newspaper that China wants to pay little more than Russias heavily subsidised domestic prices and would only commit to buying a small proportion of the pipelines planned annual capacity.What does this mean It shows how Beijing has the upper hand in this deal Russias invasion of Ukraine has left president Vladimir Putin increasingly dependent on China as Gazprom suffers heavy losses.What is the Kremlin asking for When Putin and Xi met last month in Beijing, Putin made three key requests, according to the people familiar with the matter.
A deal on the pipeline more Chinese bank activity in Russia and for China to decline to attend a peace conference being organised by Ukraine.
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