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Putin's China Energy Deals May Hide Paper Tigers as Growth Slows

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  • Only a small proportion of framework deals lead to contracts
  • Russia seeks to tap China's energy market amid sanctions

Vladimir Putin’s long-heralded visit to Beijing this week yielded five framework energy deals that bolster Russian hopes of strengthening ties with China as relations sour with the U.S. and Europe. Yet if history is any guide, most of the accords won’t bear fruit.

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