Olympics-Putin arrives in Beijing for Winter Olympics with gas supply deal for China

Author of the article: BEIJING — Russian President Vladimir Putin arrived in Beijing on Friday for the 2022 Winter Olympics https://www.reuters.com/lifestyle/sports/olympics and a meeting with Chinese President Xi Jinping, bringing with him a deal to increase natural gas supplies to China amid rising tension with the West. Putin told Xi that Russia had prepared a…
Olympics-Putin arrives in Beijing for Winter Olympics with gas supply deal for China

Author of the article:

BEIJING — Russian President Vladimir Putin arrived in Beijing on Friday for the 2022 Winter Olympics https://www.reuters.com/lifestyle/sports/olympics and a meeting with Chinese President Xi Jinping, bringing with him a deal to increase natural gas supplies to China amid rising tension with the West.

Putin told Xi that Russia had prepared a new deal to supply China with an additional 10 billion cubic meters of natural gas, according to a broadcast of their talks aired in Moscow.

Russia, one of the global leaders in hydrocarbon supplies, has been strengthening its ties with China, the world’s top energy consumer against the backdrop of Moscow’s standoff with the West over Ukraine and other issues.

The broadcast aired in Moscow showed Xi and Putin, neither one wearing a mask, sitting opposite each across a large table in a Beijing state guesthouse, surrounded by masked aides.

“I would like to thank you for the invitation to the opening of the Olympic Games,” Putin told Xi. “We know firsthand that this is a huge job. I am sure that our Chinese friends have done it brilliantly, as you always do when preparing such major events.”

Xi said the meeting injected new vitality into the relationship, according to the report.

The Olympics, already transformed by the coronavirus pandemic and to be held within a strictly closed loop, have also been overshadowed by the threat of a Russian invasion of Ukraine.

The United States and some of its allies have announced a diplomatic boycott of the Games in protest at China’s human rights record. China denies any abuses.

Earlier, China state television footage showed a jet flying with the Russian and Chinese flags. Next to it were jets with Mongolian and Serbian flags. Serbian president Aleksandar Vucic and Prime Minister L. Oyun-Erdene, of Mongolia, are expected to attend the opening ceremony later on Friday.

Qatar’s Emir Sheikh Tamim bin Hamad Al Thani and the United Arab Emirates’ Crown Prince Sheikh Mohamed bin Zayed Al Nahyan had also touched down, according to state media reports.

Russia and China coordinated their positions on Ukraine during a meeting between their foreign ministers, Wang Yi and Sergei Lavrov, in Beijing on Thursday, the Chinese foreign ministry said.

In response, the United States warned Chinese firms that they would face consequences if they sought to evade export controls imposed on Russia in the event of it invading Ukraine.

“We have an array of tools that we can deploy if we see foreign companies, including those in China, doing their best to backfill U.S. export control actions, to evade them, to get around them,” U.S. State Department spokesman Ned Price told a regular news briefing.

Before Lavrov, Beijing had not received foreign political guests for almost two years as it tried to keep the coronavirus out.

Thousands of Russian troops have massed near the border of Ukraine, raising fears of an invasion, which Russia denies planning. Russia has asked NATO to bar Ukraine from joining and to pull out of eastern Europe. (Reporting by Chen Aizhu in Singapore and Gabriel Crossley in Beijing; Reporting by Vladimir Soldatkin and Oksana Kobzeva in Moscow; editing by Leela de Kretser, Shri Navaratnam, Robert Birsel)

Financial Post Top Stories

Sign up to receive the daily top stories from the Financial Post, a division of Postmedia Network Inc.

By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails. Postmedia Network Inc. | 365 Bloor Street East, Toronto, Ontario, M4W 3L4 | 416-383-2300

Read More

Total
0
Shares
Leave a Reply

Your email address will not be published.

Related Posts
German wholesale prices see record jump as raw material costs soar
Read More

German wholesale prices see record jump as raw material costs soar

Author of the article: BERLIN — German wholesale prices rose by 16.6% on the year in November, official data showed on Monday, recording their biggest annual rise since data collection for the measure began in 1962 and suggesting higher consumer prices may follow. The price measure is widely considered an indicator of future inflationary tendencies…
Military families’ housing benefits lag as rents explode
Read More

Military families’ housing benefits lag as rents explode

Author of the article: The Associated Press R.j. Rico Associated Press (AP) — When Kristin Martin found out her husband was being transferred to Naval Base San Diego, securing housing for their family of five quickly took over her life. On-base housing wasn’t an option — the waitlist for a four-bedroom home in the neighborhoods…
Asia shares edge up with U.S. futures, oil gains
Read More

Asia shares edge up with U.S. futures, oil gains

Author of the article: SYDNEY — Asian shares steadied on Monday as U.S. stock futures made cautious gains ahead of U.S. inflation data later in the week, while the euro touched a seven-year top on the yen amid wagers of European Central Bank tightening. Oil prices firmed after Saudi Arabia raised prices sharply for its…
Mexico and Canada leaders talk investment, energy dispute
Read More

Mexico and Canada leaders talk investment, energy dispute

MEXICO CITY (AP) — Mexico’s president lauded investments from Canada and said he would meet with Canadian companies that might have a problem with his energy policies. President Andres Manuel Lopez Obrador commented after meeting privately with his Canadian counterpart, Prime Minister Justin Trudeau. Their session came on the heels of the North American Leaders’…