Russia, China Interested in Expanding Oil, Gas Trade, Putin Says

  • Power of Siberia 2 gas link under discussion: Putin in China
  • New oil pipe, higher Northern Sea Route flows also possible
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Russia and China are interested in increasing their oil and gas trade, President Vladimir Putin told reporters in Harbin on Friday.

“Mutual interest in implementation of such projects has been confirmed,” Putin said in the final hours of his state visit to China, according to a briefing broadcast by state-run Rossiya 24 TV. “We have a huge common border and nothing can interfere: neither sanctions against the tanker fleet, nor sanctions against financial institutions. We will buy and sell everything in national currencies.”