Chinese President Xi Jinping shakes hands with his Russian counterpart Vladimir Putin during a signing ceremony after their meeting in Beijing. (Source: REUTERS)
Russia and China sealed a raft of energy deals during President Vladimir Putin’s visit to Beijing on Saturday, strengthening economic ties while pledging to preserve the strategic balance of power among nations.
The deals involve the sale of stakes in a number of Russian projects to Chinese firms, an oil supply contract and joint investments in petrochemical projects in Russia.
Rosneft, Russia’s top oil producer, agreed with China National Chemical Corporation (ChemChina) that ChemChina would take a 40 per cent …read more
Source: The Indian Express
