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Russia’s turn to China: A gap between rhetoric and reality - The Washington Post
Keywords:
Tags: Current Focus, China, Germany, Russia,
Bilateral trade between China and Russia is down 31% for the first half of 2015, and Chinese investment in Russia down by 20%, according to Moscow Carnegie Center. This is a result of the fall in oil prices, declining demand for commodities in China, and the economic downturn in Russia. After the western sanctions on Russia Chinese investors are cautious about making investments. This means Russia's large expectations that this would act as an offset for economic relations with Germany and other western nations is not working out in reality. The contract for the second gas deal for gas from western Siberia, for which a memorandum was signed with China in Nov. 2014, was not signed during Putin's visit to Beijing in September 2015. Experts say the economic environment is not favorable for gas deals with the uncertain economic outlook in China.
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Russia’s turn to China: A gap between rhetoric and reality - The Washington Post
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Friendship Between Putin and Xi Becomes Strained as Economies Falter
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Q&A: ENERGY: Sino-Russian Energy Ties
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Group of 8 Talks, Like So Much These Days, Are All About Energy: Russias Gas and Oil
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The 2014 Russia-China Natural Gas Agreement
05/21/2014
Questions about the price agreed to betwen the two countries. Price remains hazy and it appears no ageement was reached on price, say analysts.
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Is the Russia-China Gas Deal for Real- Or Just Fumes
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China, Russia sign $400 billion gas deal - The Washington Post
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New Russia-China Deal Could Further Hit Natural-Gas Prices
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Germany's economic relations with Russia and approach- supported by public opinion -of diplomacy and dialogue with Russia during the Ukraine crisis in 2014-2015
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As Prime Russian Trading Partner, Germany Appears Crucial to Ending Crisis
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As Prime Russian Trading Partner, Germany Appears Crucial to Ending Crisis
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Western Businesses in Russia, Watchful and Wary
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Wall Street Journal 03/26/2014
Siemens Chief Meets Putin in Russia
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Germany's Angela Merkel Treads Softly With Russia's Putin On Ukraine
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Russia's tech startups 2010-2015- failure to invest in transforming a commodity based economy
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Russia's Tech Startup Scene Retreats Amid Ukraine Conflict
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Global Oil Glut Sends Prices Plunging
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How Looming Recession Is Unsettling One of Russia’s Boom Cities
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Russia’s turn to China: A gap between rhetoric and reality - The Washington Post
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Alexei Kudrin calls for improved relations for Russia with western partners as a way out of the economic crisis, with Europe and the U.S.
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China-Russia trade relations
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China to Design New Russian High-Speed Railway
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Russia’s turn to China: A gap between rhetoric and reality - The Washington Post
Washington Post 09/06/2015
Friendship Between Putin and Xi Becomes Strained as Economies Falter
New York Times 09/03/2015
Thaw in China-Russia Relations Hasn’t Trickled Down
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Total SA to access Chinese financing for $15 billion for the $27 billion Arctic Yamal LNG project
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Partners in the Russian Yamal LNG project are OAO Novatek, and China National Petroleum Corporation. One of the major shareholders in the Yamal project is on the western sanctions list. As a result Total SA will seek Chinese financing. China is making a shift away from coal and looks to increase imports of LNG and pipeline natural gas. Most of the production from Yamal will go to China.
Grouped Articles
Total Taps Chinese Banks to Fund Russian Project
Wall Street Journal 03/24/2015
Sanctions Bite Massive Gas Project in Russian Arctic
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Russia’s turn to China: A gap between rhetoric and reality - The Washington Post
Washington Post 09/06/2015
Emerging Markets Pick Up the Slack as Bigger Players’ Demand for LNG Eases
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Putin’s self-destructing economy - The Washington Post
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The economic prospects of emerging market countries have changed significantly since 2013. In Turkey political problems and a high current account deficit led to a slump in the lira and high interest rate policies by early 2014. In India the Congress party government let the economy drift in 2013 with no action taken. The newly elected Modi adminstration in 2014 and now lower oil prices are giving a major boost to economic growth in India. China with huge oil imports is also a beneficiary as it tackles problems from the boom years and growth slows to below 7%.
Grouped Articles
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Oil Prices Slump as Inventories Rise Near 80-Year Highs
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India Growth Rate Set to Rival China
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Turkish Officials Seen Stoking Crisis as Lira Hits Record Low
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A Windfall for China as Commodity Prices Plunge
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Putin and Russia's shift in Ukraine policy with the impact of capital flight, western sanctions and a sharp slowdown in the economy by July 2014
07/11/2014
Polls show 66% of the Russian public opposes Russian forces going into Ukrainian territory. The rhetoric on Russian television has been toned down and Russian analysts say intervention in Ukraine would have dangerous consequences for Russia, that Russia needs to maintain its relations with the West. At the same time Putin will attend a summit of BRIC's leaders in Fortaleza, Brazil, with plans to set up a development bank, as the focus shifts back to the economy. Russia is expected to feel the impact of $75 billion in capital flight in the first half of 2014.
Grouped Articles
Seeing Cost of Saber Rattling in Ukraine, Putin Alters Course
New York Times 07/11/2014
U.S. Escalates Sanctions Against Russia Over Ukraine Crisis
Wall Street Journal 07/17/2014
Raising Stakes on Russia, U.S. Adds Sanctions
New York Times 07/16/2014
Putinism Thrives on Dirty Money
Wall Street Journal 07/22/2014
Wall Street Journal 07/22/2014
Coordinated Sanctions Aim at Russia’s Ability to Tap Its Oil Reserves
New York Times 07/29/2014
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