Russia signs deal to supply oil to China

W.G.Ewald

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Chinese and Russian leaders called for greater co-operation in global affairs and energy as Moscow signed an US$85 billion deal to supply oil to Beijing.

Russian Prime Minister Dmitry Medvedev, leading a heavyweight delegation that included Energy Minister Alexander Novak as well as the heads of the country's top oil and gas producers, arrived in Beijing yesterday for a two-day visit.

President Xi Jinping told Medvedev that both countries were good neighbours and strategic partners "in name and in essence", Xinhua reported.

Xi said both sides had safeguarded common interests and justice in regional and global affairs.
Russia signs US$85b deal to supply oil to China, and agrees gas price formula | South China Morning Post
 

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