Russia’s turn towards China for big time long term commercial energy exports to China as a diversification from European gas sales is not being executed as fast as was expected by Russia. Is it the economic slowdown in China that is slowing things down? Or does China consider Russia to be a less reliable commercial,supplier?
Or some other reason?
This NY Times report gives interesting due diligence perspective.
The big proposed Russian export to Chia energy deals may not be the only victim of the economic slowdowns and commercial tension. A fast rail link that China had said it would build to Beijing from Moscow is in doubt because China is apparently insisting that Russia pay for it. The nearly 500-mile first leg, between Moscow and Kazan, was scheduled to open before the 2018 World Cup in Russia. But work has yet to start.
One source told reporters that it is unlikely to start soon. “The Russians won’t have the money to pay for it, and the Chinese are not going to do it for free.”
What is your perspective?
Log onto this NY Times site for the full news analysis. http://www.nytimes.com/2015/09/04/world/asia/friendship-between-putin-and-xi-becomes-strained-as-economies-falter.html?ribbon-ad-idx=3&rref=business/international&module=Ribbon&version=context®ion=Header&action=click&contentCollection=International%20Business&pgtype=article