Natural Gas Deal may Benefit Russia in the Short-Term
Russia and China recently signed an agreement worth US$ 400 billion for Russia to supply China with natural gas. This agreement, the largest gas deal ever, comes at a time of tension between Russia and its main trade partner, the European Union. The advance payments from China as well as an investment in the construction of a pipeline to transport the gas will revitalize the Russian export sector in the short term, which has been stagnant this year.
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