Russia’s attempts to strike a deal with China to construct a gas pipeline have stalled due to Beijing’s unreasonable demands regarding price and supply volumes, citing the Financial Times.
Sources revealed that China demanded to pay prices close to Russia’s heavily subsidized domestic rates and committed to purchasing only a small fraction of the planned annual capacity of the 50 billion cubic meters pipeline.
Beijing’s tough stance on the Power of Siberia 2 pipeline underscores that Russia’s invasion of Ukraine has made dictator Vladimir Putin increasingly dependent on Chinese leader Xi Jinping for economic support.
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