Economics

Putin's footstep: China does not want to give money on the Siber-2 power pipeline

China's interest in increasing the supply of Russian gas remains even because the economy of the country is almost ten times higher than Russia's economic capabilities. In the relations of Moscow and Beijing there were problems related to the construction of the joint branch of the gas pipeline "Siberia-2". Yes, China does not want to invest in the project and expects that most of the funding will take over Russia, which now has economic problems because of international sanctions.

About it writes the newspaper South China Morning Post. According to journalists, China is still interested in increasing the supply of Russian gas, while in Beijing they know that the country's economy is almost ten times greater than Russia's economic capacity. Therefore, Beijing understands their negotiation. "This is a special pressure at the presidential level. It is a cheaper payment. They can require significant discounts," the Russian informant told reporters.

At the same time, as stated in the publication, the project "Siberia-2" is very important for the owner of the Kremlin. All because Moscow is convinced that the launch of the gas pipeline into work will allow the Russian Federation to get rid of the economic crisis, which has intensified through Western sanctions.

"Construction of one of the key Russian gas projects, called to provide a financial" rescue circuit "for the Russian Federation abroad is likely to be slower than it was expected, as China is trying to use its" position in negotiations, "the newspaper writes. The newspaper writes that Russian dictator Vladimir Putin is under "huge pressure" about the construction of the pipeline. After all, if all plans are torn, then the Russian Federation will lose great money.

"As for construction, then they want to be sure in Beijing that they have no risks and they do not have to spend money. Russia is a party that pays for all accounts, "-said the source of the newspaper. " Siberia Power "is a Russian main gas pipeline, which is supplied from Yakutia to the Primorsky region and the Asia-Pacific region. CNPC. Gas pipeline was opened almost four years ago - December 2, 2019.

The cost of the project was initially estimated at 800 billion rubles, but later the cost was revised up to 1. 1 trillion. In September 2022, Vladimir Putin said that Russia and China agreed to build a new The force of Siberia-2. According to him, this will allow the Russian Federation to sell to China up to 50 billion cubic meters of gas per year. The route of the future gas pipeline is planned to be paid from the Bovanenko group through the Oblast Labo to Mongolia.