WASHINGTON – Russian President Vladimir Putin intends to respond to Western sanctions triggered by his country’s participation in the Ukrainian crisis by dramatically expanding bilateral trade with China, particularly in providing energy to fuel China’s fast-growing economy, according to Joseph Farah’s G2 Bulletin.
Moscow and Beijing have developed closer bilateral ties as relations between Russia and the European Union worsen. Russian Prime Minister Dmitry Medvedev has said cooperation with Beijing is a top priority for Moscow.
“It is the rise of the Eurasia century,” one Asian source said. “Moscow and Beijing’s interests are converging.”
China is experiencing dramatic economic growth and has become the second largest economy in the world in the past two decades, growing faster than the combined economies of the United States and the entire European Union.
Economic experts predict China’s economy will be the largest in the world by 2018.
An immediate issue in the May talks will be construction of the Power of Siberia pipeline from Russia into China at a cost of $22 billion.
“The worse Russia’s relations are with the West, the closer Russia will want to be to China,” said Vasily Kashin of the think-tank Analysis of Strategies and Technologies. “If China supports you, no one can say you’re isolated.”
Full article: Putin Ignores Sanctions, Cuts Deals with Beijing (WND)