Russia and China make a deal
An alliance between Russia, the world's largest energy producer, and China, the world's largest energy consumer, will remake superpower relations, writes
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June 3, 2014
RUSSIA AND China agreed to a 30-year, $400 billion gas deal at a May 21 meeting in Shanghai. Called the Agreement on Cooperation, Russian President Vladimir Putin hailed the deal as an "epochal event," boasting that it is "the biggest contract in the history of the gas sector of the former USSR and Russia." China's Xinhua News Agency described it as "another important result of China and Russia strengthening their relations as comprehensive energy partners."