China and Russia sign '$400 bn' gas deal | Bangkok Post: news

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China and Russia sign '$400 bn' gas deal

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Russian President Vladimir Putin Wednesday oversaw a vast gas deal with China said to be worth $400 billion as the Ukraine crisis threatens Russian energy exports to Europe and his country faces Western sanctions. 

China's President Xi Jinping (R) and Russia's President Vladimir Putin attend an agreement signing ceremony in Shanghai on May 21, 2014

The gargantuan 30-year deal finally came to fruition after a decade of negotiations. It represents a turn to the east by Moscow at a moment when its geopolitical assertiveness, particularly the takeover of Crimea, has seen it heavily criticised by the West.

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