Contents tagged with China
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Russia to pay China for Gazprom’s new megaproject
The Russian government has officially given the green light to Gazprom’s new megaproject, a $12 billion gas and chemical complex in Ust-Luga, reports finanz.ru.
On Tuesday November 5, the state-owned company VEB.RF and the Baltic Chemical Complex (a fully-owned subsidiary of RusGazDobycha) signed a credit agreement to allocate 111 billion rubles ($1.75 billion) to the project.
The enterprise’s raw materials will be ethane-containing natural gas from Gazprom’s fields in the Nadym-Pur-Taz …
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Russia offers China one of Siberia’s largest oil fields
Russian oil giant Rosneft and NefteGazHolding, a company belonging to Igor Sechin’s associate Eduard Khudainatov, are preparing to sell Asian investors a large share in oil fields in north-eastern Siberia.
Citing federal officials and sources familiar with the negotiation proceedings, the Vedomosti news agency reported that buyers from China and India will be offered up to 40% of a project to unite four fields in Russia’s Krasnoyar Krai, including the fields that form part of the Vankor …
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China: US’s Trident II intercontinental ballistic missile 10 times more reliable than Russia’s Bulava
The basis of the peaceful coexistence of the major powers is nuclear parity. In late August and early September, submarine forces of both the US’s and Russia’s strategic nuclear deterrent performed a series of tests. The Chinese news outlet Sohu attempted to assess the reliability of the submarine-based missiles of the two world powers.
In a possible world war, a strategic nuclear submarine equipped with intercontinental ballistic missiles (ICBMs) is the most formidable weapon. It is the least …
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China bypasses Russia in trade with Ukraine
The statistics on Foreign Trade published by the Ukrainian National Bank indicates that China bypassed Russia and became the leading trading partner of Ukraine. Its share in the total volume of trade in the first quarter of 2019 was 10.6%, while the share of Russia was 9.7%. At the end of 2018, the share of Russia was 11.5% and China 9.8%.
In January-March, Ukraine exported goods to China for $621 million and imported for $1,928 billion (negative balance $1,306 billion). Exports to Russia …
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China thanks Kyiv for passing on military technologies
An article in the Chinese media has caused widespread expert and public discussion, especially in China itself. Even the title of the article being circulated by the Chinese press is controversial: “Thank you Ukraine. Over more than 20 years, this country has passed on so many major military technologies to China”.
The article notes that China’s military industry has undergone considerable development in recent years. Notably, China is now producing its own aircraft carriers, 5th generation …
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Russia hands over anti-missile technology to China
Russian President Vladimir Putin at the plenary session of the Valdai Discussion Club said that Russia is helping China to create a missile warning system. According to him, only Russia and the United States have this technology now, reports Interfax news agency.
"I probably will not reveal a big secret, it will become clear, anyway, that now we are helping our Chinese partners to create a system of the early-warning radar system," said Putin.
The system, which includes ground-based radars …
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Russia helps China create missile strike warning system
Russian President Vladimir Putin said that Russia has been helping China to create a missile strike warning system,reports RBC news agency.
“Perhaps I won’t reveal to you the big secret, but it will still become clear. We are currently helping our Chinese partners to create a missile strike warning system. It’s a very serious thing, which will fundamentally enhance China’s defensive capability. Because at present, only the US and Russia have such a system,” the president said during a session …
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Belarus finds new ‘big brother’ instead of Russia
By the end of 2019, Belarus plans to sign a credit agreement with the China Development Bank to replace the loan it did not receive from Russia, Gazeta.ru reports, citing Belarusian Finance Minister Maksim Yermolovich.
According to the minister, the Chinese bank has only provisionally agreed to give Minsk up to $500 million. The interest rate is still being discussed, and the loan will be denominated in yuans.
“For quite a long time we have been building such relations with the Russian …
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Maduro turns to Putin following China’s refusal to buy Venezuelan oil
Venezuelan President Nicolas Maduro plans to make another trip to Russia, announced Kremlin Spokesperson Dmitry Peskov on Friday.
According to Peskov, the visit is currently being planned.
Peskov did not specify when the visit would take place, but he did note that Maduro would not be participating in the Russian Energy Week, which will be held from October 2-5.
The visit will take place “quite soon”, most likely in the first few days of October, three informed sources told the Interfax news …
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China promises Kremlin $2.6 billion to accelerate Russian economy
The Russia-China comprehensive partnership and strategic cooperation has reached a new level, said Russian Prime Minister Dmitry Medvedev after meeting with Chinese Premier Li Keqiang in Moscow.
Medvedev said that after the meeting he and Mr Keqiang signed a set of agreements consisting of nearly twenty documents, including commercial agreements and investment agreements.
Overall, China plans to allocate roughly $2.6 billion to projects that form part of the plan to accelerate the Russian …