China and Russia signed oil and gas deals worth an estimated US$117.5 billion as part of their pledge for closer economic cooperation. Photo: Bloomberg
Unequal China-Russia partnership strives for balance against the West
- Russian reliance on fossil fuels may act as a brake on Moscow hopes that growing trade with China can be a shield against Western sanctions
- But there are advantages for both sides in strengthening economic cooperation beyond oil and gas deals
China and Russia signed oil and gas deals worth an estimated US$117.5 billion as part of their pledge for closer economic cooperation. Photo: Bloomberg
