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Putin Ignores Sanctions, Cuts Deals With Beijing
‘If China supports you, no one can say you’re isolated’
WND
WASHINGTON – Russian President Vladimir Putin intends to respond to Western sanctions triggered by his country’s participation in the Ukrainian crisis by dramatically expanding bilateral trade with China, particularly in providing energy to fuel China’s fast-growing economy, according to Joseph Farah’s G2 Bulletin.
Moscow and Beijing have developed closer bilateral ties as relations between Russia and the European Union worsen. Russian Prime Minister Dmitry Medvedev has said cooperation with Beijing is a top priority for Moscow.
“It is the rise of the Eurasia century,” one Asian source said. “Moscow and Beijing’s interests are converging.”
China is experiencing dramatic economic growth and has become the second largest economy in the world in the past two decades, growing faster than the combined economies of the United States and the entire European Union.
Economic experts predict China’s economy will be the largest in the world by 2018.
Putin intends to meet with Chinese President Xi Jinping in May to conclude an energy agreement and possibly work on military and other business contracts, including a major Siberian timber deal, sources say.
The deal works for Beijing, since it knows Russia needs to offset the Western sanctions and thus will give it a reasonable price. At the same time, the deal works for Beijing, which wants to wean itself from the use of coal in industrialized cities where there are serious environmental issues stemming from burning coal.
An immediate issue in the May talks will be construction of the Power of Siberia pipeline from Russia into China at a cost of $22 billion.
“The worse Russia’s relations are with the West, the closer Russia will want to be to China,” said Vasily Kashin of the think-tank Analysis of Strategies and Technologies. “If China supports you, no one can say you’re isolated.”
Reposted with permission
Which Putin are you talking about ?
http://youtu.be/F81Jb9SdOv4