Clara Ferreira Marques, Columnist

Xi Gives Putin Nothing on Energy: Elements by Clara F. Marques

September 16, 2022 at 11:22 AM UTC

Clara Ferreira Marques is a managing editor for Commodities and Energy in Asia. Previously, she was a Bloomberg Opinion columnist and editorial board member.

A worker at a Russian gas field that supplies China
Photographer: Andrey Rudakov/Bloomberg

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Hi and welcome to Friday’s edition of Elements, Bloomberg’s daily energy and commodity newsletter. After Putin and Xi meet for the first time since the Ukraine invasion, Bloomberg columnist Clara Ferreira Marques looks at the unequal energy relationship between Moscow and Beijing. Elsewhere, Germany is quickly taking control of the energy sector as threats to the economy mount: following yesterday’s news Berlin is ready to nationalize three gas importers, today they seized the German assets of Russian oil giant Rosneft.

Russia’s position with its shrinking pool of oil and gas customers has never been weaker. And it shows.