Russia and China signed a 30-year, £237 bn deal for the Russian gas giant Gazprom to deliver gas to China reported The Guardian.
The former Russian deputy energy minister, Vladimir Milov, said the Russian deal was an attempt to open new markets in reaction to deteriorating relations with the west.
Earlier this month, Russia reportedly lifted an informal ban on foreign ownership of strategic assets, apparently opening the way for Chinese companies to invest and develop gas fields and pipelines.
In further developments in relations between the two nations, President Putin and his counter -part Xi Jinping met at a naval port in Shanghai to announce joint naval drills between the two militaries.
The former Russian deputy energy minister, Vladimir Milov, said the Russian deal was an attempt to open new markets in reaction to deteriorating relations with the west.
Earlier this month, Russia reportedly lifted an informal ban on foreign ownership of strategic assets, apparently opening the way for Chinese companies to invest and develop gas fields and pipelines.
In further developments in relations between the two nations, President Putin and his counter -part Xi Jinping met at a naval port in Shanghai to announce joint naval drills between the two militaries.