Putin’s Pipeline Pitch Rejected as China Bets on Renewables
Russian ruler Vladimir Putin’s efforts to secure approval for the “Power of Siberia-2” gas pipeline during his meeting with Chinese leader Xi Jinping have been unsuccessful, with no specific timelines announced for the project. While Kremlin spokesperson Dmitry Peskov indicated a general understanding of the pipeline’s parameters, final details remain to be settled, and China is reportedly also seeking to increase purchases via the existing “Power of Siberia-1” pipeline. This outcome undermines Moscow’s strategy for finding new export markets, particularly as concerns arise about China’s supply of components for drones used by Ukraine. Despite this setback, both leaders issued joint criticism of US policy and reaffirmed a strategic partnership.
John Q. Hosedrinker