Russia signs new gas pipeline deal with China


Source: cnbc.com cnbc.com

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In this pool photograph distributed by the Russian state agency Sputnik, Russia's President Vladimir Putin and China's President Xi Jinping shake hands during a signing ceremony following their talks in Beijing on May 16, 2024. Sergei Bobylyov | Afp | Getty Images Russia and China on Tuesday signed a legally binding deal to build the long-delayed Power of Siberia 2 gas pipeline, deepening commercial ties in what is likely to be seen as a defiant signal to the West. Alexei Miller, the chief executive of Russia's state-owned energy giant Gazprom, told Russian news agencies that a memorandum of understanding had...