Russia to Improve Relations to China

People ♦ Published: June 21, 2013; 18:30 ♦ (Vindobona)

Russia turns its back on Europe and starts focusing on Asia instead in regard to oil export.

Russia to Improve Relations to China / Picture: ©

State-controlled Russian energy giant Rosneft plans to sign an agreement with China for the delivery of oil in the value of $ 60bn (€ 44.8bn). During a meeting with Chinese Deputy Prime Minister Zhang Goli, Russian President Vladimir Putin declared his hopes for cooperation between China and Russian Gas enterprises Gazprom and Novatek.

The improving trade relations between…