Putin says Russia should pivot energy exports to Asia
2 years, 8 months ago

Putin says Russia should pivot energy exports to Asia

Al Jazeera  

Putin said Russia should continue moving the direction of its energy exports to ‘fast-growing markets of the South and East’. Western countries attempting to exclude Russian energy suppliers will affect the world economy and Moscow should redirect its energy exports towards Asia, Russian President Vladimir Putin said. Putin said Russia, which accounts for approximately one-tenth of global oil production and about one-fifth of global gas supplies, should continue in the direction it has taken in recent years and “step-by-step, shift the direction of our exports to the fast-growing markets of the South and East”. “Attempts by Western countries to push out Russian suppliers, replace our energy resources with alternative deliveries, will inevitably affect the whole global economy,” Putin said. Putin also called for the acceleration of infrastructure projects, such as railways, pipelines and ports, that will redirect oil and gas supplies from the West to “promising” markets in the global East and South, ordering his officials to present a plan by June 1 on “expanding transport infrastructure to countries of Africa, Latin America Asia Pacific”.

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History of this topic

Russia set to power China’s financial capital Shanghai with a new gas pipeline
1 month ago

Russia set to power China’s financial capital Shanghai with a new gas pipeline

Firstpost  

China’s financial capital Shanghai is expected to get ‘stable natural gas supply’ by the end of this year as the work on China-Russia east-route natural gas pipeline has completed seven months ahead of schedule and is now in final commissioning phase By the end of 2024, houses in China’s financial capital Shanghai and other cities in north-east China are expected …

Russia wants to become the second-largest oil producer in the world
1 month, 1 week ago

Russia wants to become the second-largest oil producer in the world

China Daily  

Russia is reportedly considering a major oil-sector shakeup by merging three of its largest oil companies: state-backed Rosneft and Gazprom Neft and privately-held Lukoil. Notably, the consolidation could allow Russia to command higher prices for crude oil exports to major buyers like India and China. This shift is driven by Russia’s substantial discounts on crude oil, which have made it …

Why China's sinking economy could backfire on Vladimir Putin
3 months, 1 week ago

Why China's sinking economy could backfire on Vladimir Putin

ABC  

Skirmishes in the South China Sea and a counterattack in Kursk. On the surface, the alliance between the two strongmen, China's President Xi Jinping and Russia's President Vladimir Putin, remains intact, creating a serious threat to ongoing global stability. Russia's reliance on China as a trading destination increased dramatically after the Ukraine invasion and the sanctions imposed upon Moscow. China, …

Xi: Further advance energy ties with Russia
5 months ago

Xi: Further advance energy ties with Russia

China Daily  

President Xi Jinping reaffirmed on Tuesday China's readiness to work with Russia in promoting mutually beneficial cooperation in the energy sector and safeguarding the stability and resilience of industrial and supply chains. In a congratulatory letter to the sixth China-Russia Energy Business Forum, Xi called on both sides to jointly contribute to a more robust, green and healthy development of …

Xi: Further advance energy ties with Russia
5 months ago

Xi: Further advance energy ties with Russia

China Daily  

President Xi Jinping reaffirmed on Tuesday China's readiness to work with Russia in promoting mutually beneficial cooperation in the energy sector and safeguarding the stability and resilience of industrial and supply chains. In a congratulatory letter to the sixth China-Russia Energy Business Forum, Xi called on both sides to jointly contribute to a more robust, green and healthy development of …

What to know about Vladimir Putin’s visit to China
7 months, 1 week ago

What to know about Vladimir Putin’s visit to China

Associated Press  

Russian President Vladimir Putin’s visit to China starting Thursday underlines an increasingly close partnership between the two allies who oppose the U.S.-led democratic order. Putin told China’s official news agency Xinhua before Thursday’s two-day visit that his meetings with Xi are “a dialogue between old friends” and a “fruitful exchange of views on the most topical issues on the bilateral …

Putin arrives in China seeking greater support for war effort
7 months, 1 week ago

Putin arrives in China seeking greater support for war effort

Deccan Chronicle  

Russian President Vladimir Putin arrived in China on Thursday to meet with counterpart Xi Jinping seeking greater support from Beijing for his war effort in Ukraine and his isolated economy.This is Putin's first trip abroad since his March re-election and the second in just over six months to China, an economic lifeline for Russia after the West hit it with …

The lopsided reality of the Russia-China relationship
7 months, 1 week ago

The lopsided reality of the Russia-China relationship

Live Mint  

When Russian President Vladimir Putin visits Chinese leader Xi Jinping in Beijing this week, the two leaders will seek to project their customary united front against the U.S.-led global order. “It’s a strategic partnership where both sides need each other but it’s increasingly asymmetrical in China’s favor," said Alexander Gabuev, director of the Carnegie Russia Eurasia Center in Berlin. The …

A China-Russia Arctic Alliance? Not So Fast.
9 months, 2 weeks ago

A China-Russia Arctic Alliance? Not So Fast.

The Diplomat  

With the Arctic finding itself under ever greater global scrutiny due to climate change, and opening up to increased economic activities, from shipping to mining to fishing, the question of whether great power competition is spilling over into the far north has assumed greater importance. One recent example is a report, published last month by American intelligence firm Strider Technologies, …

US rethinks gas exports, spooking Europe
11 months ago

US rethinks gas exports, spooking Europe

Politico  

The European Union has slashed its intake of Russian gas to less than a third of the 155 billion cubic meters it imported in 2021, according to estimates by the EuroGas trade association. One senior EU official said the bloc’s leadership wouldn’t be drawn into “speculating on potential U.S. cuts in production or supply to the EU,” given that Washington …

China Is Gaining Long-Coveted Role in Arctic, as Russia Yields
1 year, 2 months ago

China Is Gaining Long-Coveted Role in Arctic, as Russia Yields

Live Mint  

HONG KONG—China’s goal of becoming a major player in the Arctic has long been frustrated by its neighbor Russia, which has closely protected its dominant role in the region. For China, which declared itself a “near Arctic” nation in 2018 despite being more than 900 miles from the Arctic Circle, Russia’s new welcome provides a long-sought opportunity. “It’s to China’s …

China Is Gaining Long-Coveted Role in Arctic, as Russia Yields
1 year, 2 months ago

China Is Gaining Long-Coveted Role in Arctic, as Russia Yields

Live Mint  

HONG KONG—China’s goal of becoming a major player in the Arctic has long been frustrated by its neighbor Russia, which has closely protected its dominant role in the region. For China, which declared itself a “near Arctic" nation in 2018 despite being more than 900 miles from the Arctic Circle, Russia’s new welcome provides a long-sought opportunity. Russia’s policy, which …

June 25, 2023 Russia-Ukraine news
1 year, 5 months ago

June 25, 2023 Russia-Ukraine news

CNN  

Russia is exporting as much oil now as it did before its full-scale invasion of Ukraine. That’s what it nearly got this weekend as disaffected Russian mercenaries marched toward Moscow, drawing a stark warning from President Vladimir Putin that the country was on the brink of a 1917-style “civil war.” The armed insurrection has been defused — for now — …

June 25, 2023 Russia-Ukraine news
1 year, 5 months ago

June 25, 2023 Russia-Ukraine news

CNN  

Russia is exporting as much oil now as it did before its full-scale invasion of Ukraine. That’s what it nearly got this weekend as disaffected Russian mercenaries marched toward Moscow, drawing a stark warning from President Vladimir Putin that the country was on the brink of a 1917-style “civil war.” The armed insurrection has been defused — for now — …

Why chaos in Russia could spell trouble for the global economy
1 year, 5 months ago

Why chaos in Russia could spell trouble for the global economy

CNN  

London CNN — After the pandemic and war in Ukraine, and the inflation shock that followed, the global economy is in a precarious state. That’s what it nearly got at the weekend as disaffected Russian mercenaries marched toward Moscow, drawing a stark warning from President Vladimir Putin that the country was on the brink of a 1917-style “civil war.” The …

Russia 'using refrigerator, washing machine parts in missiles' due to sanctions impact
1 year, 6 months ago

Russia 'using refrigerator, washing machine parts in missiles' due to sanctions impact

India Today  

Amid the adverse impact of sanctions imposed by Western countries on Russia in the past 15 months, the country is reportedly equipping its soldiers with weaponry containing components salvaged from household appliances. They're repurposing things like computers that used to go into washing machines and now are going into missiles," Dr Haar said, while speaking to Express.co.uk. Dr Haar's remarks …

Russia launches intense air raid on Kyiv, top Chinese diplomat to tour Ukraine and Russia
1 year, 7 months ago

Russia launches intense air raid on Kyiv, top Chinese diplomat to tour Ukraine and Russia

ABC  

Russia launched an exceptionally intense air attack on Kyiv in the early hours of Tuesday, using drones, cruise and probably ballistic missiles, city officials said, as the Ukrainian capital suffered its eighth air raid this month. Key points: Russia fired six ballistic missiles from aircraft, nine cruise missiles from ships in the Black Sea and three missiles from land Ukraine …

Global gas supply to remain tight in 2023 amid lower Russia deliveries to Europe
1 year, 7 months ago

Global gas supply to remain tight in 2023 amid lower Russia deliveries to Europe

Live Mint  

Global gas supply is set to remain tight in 2023 and the global balance is subject to a wide range of uncertainties. After strong growth in 2022, gas demand in North America is expected to decline by 2 per cent as a result of lower gas use for space heating, power generation and industry. LNG supply not enough to offset …

Russian oil exports back above pre-Ukraine war levels as India and China buy 90%
1 year, 8 months ago

Russian oil exports back above pre-Ukraine war levels as India and China buy 90%

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ …

Russia’s oil exports are back to pre-war levels
1 year, 8 months ago

Russia’s oil exports are back to pre-war levels

CNN  

London CNN — Russia’s oil exports have bounced back to levels last seen before it invaded Ukraine, despite a barrage of Western sanctions. Moscow’s exports of crude oil and oil products rose in March to their highest level since April 2020, jumping by 600,000 barrels a day, the International Energy Agency said in its monthly oil report Friday. The IEA …

Russia’s reliance on China rises amid Ukraine sanctions
1 year, 9 months ago

Russia’s reliance on China rises amid Ukraine sanctions

Associated Press  

BEIJING — Like a salesman buttering up his best customer, President Vladimir Putin gushed about China’s economic success as he welcomed Chinese leader Xi Jinping to the Kremlin. It says they aren’t allies and has avoided openly giving Russia military help in Ukraine, a step President Joe Biden and other Western leaders warn would trigger unspecified consequences for China. Beijing …

‘No limits partnership’: Xi and Putin’s economic priorities
1 year, 9 months ago

‘No limits partnership’: Xi and Putin’s economic priorities

Al Jazeera  

Chinese and Russian leaders expected to double down on economic cooperation during three days of meetings in Moscow. Russia was China’s top oil supplier in January and February at 1.94 million barrels per day, up from 1.57 million in 2022, according to Chinese customs data. Imports of Chinese goods Shortly before Russia’s invasion of Ukraine, China and Russia announced a …

India’s Russia exports in Feb up 25% to hit pre-Ukraine war level
1 year, 9 months ago

India’s Russia exports in Feb up 25% to hit pre-Ukraine war level

Live Mint  

India’s exports to Russia have exceeded the levels before the war outbreak in Ukraine, even as the conflict in Europe drags down global trade growth. Led by engineering goods, drugs and pharmaceuticals, and organic and inorganic chemicals, India’s exports to Russia in February surged 25% from the preceding month to touch $337.58 million, commerce ministry data showed. Russia’s invasion of …

'No other option': Russia's unequal economic marriage with China
1 year, 9 months ago

'No other option': Russia's unequal economic marriage with China

Firstpost  

Moscow: Russia has found itself in an unequal relationship with China since intensifying its pivot toward Beijing after the assault on Ukraine. “It’s absolutely critical for Russia to be close to China, because Russia doesn’t have many trade friends,” Elina Ribakova, deputy chief economist at the Institute of International Finance, told AFP. “China and India have replaced the European Union …

Russian oil becomes more pricey with pool of Asian buyers expands
1 year, 9 months ago

Russian oil becomes more pricey with pool of Asian buyers expands

Live Mint  

The price of Russian crude and fuel is rising for buyers in Asia as a pool of bigger customers from China and India expands, putting pressure on smaller refiners that have eagerly consumed the cheap oil. The larger refiners have muscled in to a patch typically dominated by China’s smaller independent processors, known as teapots, which have been consistent consumers …

How China and India’s appetite for oil and gas kept Russia afloat
1 year, 10 months ago

How China and India’s appetite for oil and gas kept Russia afloat

Al Jazeera  

Despite Western-led sanctions aimed at punishing Russia over its war in Ukraine, growing demand for Russian energy imports has helped keep the country’s besieged economy afloat. China and India, both of which have declined to condemn Russia or impose sanctions over the war, became the biggest buyers of Russian crude oil last year as Western countries restricted imports and imposed …

Putin, Xi hail ‘best in history’ ties, commit to deepen relations
1 year, 11 months ago

Putin, Xi hail ‘best in history’ ties, commit to deepen relations

The Hindu  

Russian President Vladimir Putin and Chinese President Xi Jinping on Friday hailed a close relationship that they described as “enjoying the best period in their history” and committed to deepening strategic ties amid their respective tensions with the West. Both discussed Ukraine, and Mr. Xi “stressed that China has noted Russia’s statement that it has never refused to resolve the …

Putin to Xi: Russia seeks to strengthen military ties with China
1 year, 11 months ago

Putin to Xi: Russia seeks to strengthen military ties with China

Al Jazeera  

The US has expressed concern over Beijing’s alignment with Moscow amid the ongoing invasion of Ukraine. Russia’s ties with China are the “best in history”, President Vladimir Putin told his Chinese counterpart Xi Jinping, as he said Moscow would seek to strengthen military cooperation with Beijing. Earlier this month, Russia and China conducted joint naval drills, which Russia’s army chief …

Russia threatens to slash oil supplies in 2023, spooks markets
2 years ago

Russia threatens to slash oil supplies in 2023, spooks markets

Al Jazeera  

Moscow warns it may cut production by 5-7 percent in early 2023 as the energy war with the West deepens. Russia may cut oil output by 5-7 percent in early 2023 and halt sales to countries supporting a price cap on its crude and oil products, a senior official has said. “Crude prices are higher as energy traders focus on …

Ukraine war: Vladimir Putin has been weaponising energy for years. Here’s what to look for next
2 years ago

Ukraine war: Vladimir Putin has been weaponising energy for years. Here’s what to look for next

Firstpost  

Russia shifted its strategy to attrition, specifically targeting energy infrastructure, after failing to force a quick, decisive victory against Ukraine Not since the 1970s oil crisis has the West seen such a focus on energy security. Vladimir Putin’s regime had been using selective gas supply cuts as a pressure tool against Ukraine since at least the winter of 2005-06, when …

Putin says Russia will fight sanctions with shift in trade and energy flows
2 years ago

Putin says Russia will fight sanctions with shift in trade and energy flows

The Hindu  

President Vladimir Putin said on Thursday that Russia would expand trade cooperation with new partners, including by switching gas flows to eastern neighbours, in order to combat Western sanctions. Mr. Putin said in a televised speech that Russia would develop its economic relations with partners in Asia, Africa and Latin America to thwart Western efforts to isolate it economically. Mr. …

G7 price cap on Russian oil kicks in, Russia will only sell at market price
2 years ago

G7 price cap on Russian oil kicks in, Russia will only sell at market price

The Hindu  

The Group of Seven price cap on Russian seaborne oil came into force on Monday as the West tries to limit Moscow's ability to finance its war in Ukraine, but Russia has said it will not abide by the measure even if it has to cut production. It allows Russian oil to be shipped to third-party countries using G7 and …

What to know about the West's new efforts to slash Russia's oil revenue
2 years ago

What to know about the West's new efforts to slash Russia's oil revenue

NPR  

What to know about the West's new efforts to slash Russia's oil revenue Enlarge this image toggle caption AP AP The United States and its allies have delivered a double blow to Russia aimed at starving its oil revenues. Also, the U.S., other members of the Group of Seven leading economies, the EU and Australia are imposing a $60 price …

‘No waiting': Turkey, Russia to act on Putin’s gas hub offer
2 years, 2 months ago

‘No waiting': Turkey, Russia to act on Putin’s gas hub offer

Associated Press  

ANKARA, Turkey — Turkish President Recep Tayyip Erdogan said Friday that Turkey and Russia have instructed their respective energy authorities to immediately begin technical work on a Russian proposal that would turn Turkey into a gas hub for Europe. Erdogan said Russian and Turkish energy authorities would work together to designate the best location for a gas distribution center, adding …

Putin tempts Turkey, suggests making it Europe’s new gas hub
2 years, 2 months ago

Putin tempts Turkey, suggests making it Europe’s new gas hub

Associated Press  

ANKARA, Turkey — Russian President Vladimir Putin on Thursday doubled down on his proposal to turn Turkey into a gas hub for Europe after deliveries to Germany through the Baltic Sea’s Nord Stream pipeline were halted. It’s the second unlikely energy proposal that Putin has pitched in as many days, with European leaders calling Russia’s cuts in natural gas a …

Putin tells Erdogan Russia could create 'gas hub' in Turkey
2 years, 2 months ago

Putin tells Erdogan Russia could create 'gas hub' in Turkey

The Hindu  

Russian President Vladimir Putin on Thursday told his Turkish counterpart Recep Tayyip Erdogan that Moscow would consider developing a "gas hub" in Turkey, with Russia's supplies to Europe disrupted by Ukraine-related sanctions and leaks at key pipelines. We could consider the possibility of creating a gas hub in Turkey for supplies to other countries," the Russian leader told Erdogan at …

‘They can just open the tap’: Putin says Russia can resume gas supplies via Nord Stream 2
2 years, 2 months ago

‘They can just open the tap’: Putin says Russia can resume gas supplies via Nord Stream 2

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Russian President Vladimir Putin has …

Putin courts Erdogan to pump more Russian gas through Turkey
2 years, 2 months ago

Putin courts Erdogan to pump more Russian gas through Turkey

Al Jazeera  

Russian president says Turkey offers the best route to redirect gas to the EU after Nord Stream pipeline damage. At a meeting in Kazakhstan on Thursday, Putin said Turkey offered the most reliable route to deliver gas to the European Union and the proposed hub would allow prices to be set independent of politics. Peskov said the TurkStream gas pipeline …

Putin says Russia could increase gas supplies to Europe
2 years, 2 months ago

Putin says Russia could increase gas supplies to Europe

Associated Press  

MOSCOW — Russian President Vladimir Putin said Wednesday that Moscow is ready to resume gas supplies to Europe via a link of the Germany-bound Nord Stream 2 pipeline under the Baltic Sea — an offer quickly rejected by Berlin. As for Putin’s comments, she said: “Nice try.” Asked if she would rule out the use of Nord Stream 2, Hoffmann …

Putin offers to boost gas supplies to Europe via Nord Stream 2
2 years, 2 months ago

Putin offers to boost gas supplies to Europe via Nord Stream 2

Al Jazeera  

Russian leader says mothballed pipeline can ferry energy exports west if it is proven safe following a spate of recent explosions. Russian President Vladimir Putin has said Moscow is ready to resume gas supplies to the European Union via a link of the Germany-bound Nord Stream 2 pipeline under the Baltic Sea – an offer quickly rejected by Berlin. The …

Russia ready to resume gas supplies to Europe: Vladimir Putin
2 years, 2 months ago

Russia ready to resume gas supplies to Europe: Vladimir Putin

India TV News  

Russia on Wednesday said it is ready to supply gas to the European nations via a link of The Nord Stream 2 pipeline. Russian President Vladimir Putin, who was present at an energy forum in Moscow, accused the U.S. of being the one behind the tampering with the Nord Stream pipeline. “The act of sabotage of the Nord Stream 1 …

Putin accuses the West of sabotaging Baltic Sea pipelines
2 years, 2 months ago

Putin accuses the West of sabotaging Baltic Sea pipelines

Hindustan Times  

Russian President Vladimir Putin on Friday accused the West of organising blasts that resulted in multiple gas leaks on the Nord Stream gas pipelines from Russia to Europe. Russian President Vladimir Putin gestures during a ceremony to sign the treaties for four regions of Ukraine to join Russia, at the Kremlin in Moscow, Russia, Friday, Sept. 30, 2022. "By organising …

Watch | How is Russia choking Europe’s energy needs?
2 years, 3 months ago

Watch | How is Russia choking Europe’s energy needs?

The Hindu  

An energy crisis is brewing in Europe. A major reason behind this is Russia shutting the Nord Stream 1 pipeline – a cheap natural gas supply that Europe depended on for years. Nord Stream is an export gas pipeline which runs under the Baltic Sea, carrying gas from Russia to Europe It bypasses transit countries, making it highly reliable for …

EXPLAINER: Europe struggles to cope with Russia gas shutoffs
2 years, 3 months ago

EXPLAINER: Europe struggles to cope with Russia gas shutoffs

Associated Press  

FRANKFURT, Germany — Europe is facing an energy crisis that is squeezing ordinary people’s finances and in just a few weeks could mushroom into rolling blackouts and factory shutdowns. Here is the latest on Europe’s efforts to avoid a total energy disaster: DID RUSSIA CUT OFF GAS TO EUROPE? There’s still some Russian gas flowing to Europe through a pipeline …

Putin: Russia may halt energy exports if West caps prices
2 years, 3 months ago

Putin: Russia may halt energy exports if West caps prices

Associated Press  

MOSCOW — Russian President Vladimir Putin on Wednesday threatened to completely cut energy supplies to the West if it tries to cap prices of Russian exports. Speaking at an annual economic forum in the far-eastern port city of Vladivostok, Putin scoffed at the EU plans for a cap on Russian oil and gas prices as a “stupid” idea that “will …

EU wants price cap on Russian gas, energy companies to pay
2 years, 3 months ago

EU wants price cap on Russian gas, energy companies to pay

Associated Press  

BRUSSELS — European Union countries should set a price cap on Russian natural gas and seek a “solidarity contribution” from European oil and gas companies making extraordinary profits as the war in Ukraine drives up energy costs, European Commission President Ursula von der Leyen said Wednesday. “We are facing an extraordinary situation, because Russia is an unreliable supplier but also …

Putin says Russia to stop supplying energy if Western price caps imposed
2 years, 3 months ago

Putin says Russia to stop supplying energy if Western price caps imposed

The Hindu  

President Vladimir Putin on Wednesday threatened to cut off energy supplies if price caps are imposed on Russia's oil and gas exports, warning the West it would be "frozen" like a wolf's tail in a famous Russian fairy tale. Speaking at an economic forum in Russia's Pacific city of Vladivostok, Mr. Putin said European calls for a price cap on …

Russia not using energy as ’weapon’ against Europe, says Vladimir Putin
2 years, 3 months ago

Russia not using energy as ’weapon’ against Europe, says Vladimir Putin

Live Mint  

Amid allegations of Russia cutting gas supply to Europe, Russian President Vladimir Putin on Wednesday denied that the country was using energy as a "weapon". The clarification from the president has come days after Russia had halted natural gas deliveries via Nord Stream 1, which is a 1222 km long key pipeline to Europe. Notably, Russia had drastically reduced the …

Explained: Europe's looming energy crisis as Russia chokes gas supply
2 years, 3 months ago

Explained: Europe's looming energy crisis as Russia chokes gas supply

Firstpost  

With the halt in the Nord Stream 1 pipeline, Russian gas shipments have fallen 89 per cent from a year ago. Russia used to supply 40 per cent of Europe’s natural gas, and even more to Germany, where inexpensive energy was a pillar of the economy. There’s still some Russian gas flowing to Europe through a pipeline passing through Ukraine …

Putin threatens to ‘freeze’ Europe with total energy cut-off
2 years, 3 months ago

Putin threatens to ‘freeze’ Europe with total energy cut-off

The Telegraph  

Vladimir Putin has threatened to “freeze” Europe with a total shutdown of energy supplies if Brussels presses ahead with a price cap on Russian gas. “No gas, no oil, no coal, no fuel oil, nothing.” The European Commission is to ask countries to approve a broad cap on the price of Russian gas alongside mandatory cuts in electricity use, and …

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