Ukraine war latest: Trump ‘not optimistic’ about ending Ukraine war – as he says Russia lost to ‘deepest, darkest’ China | World News

Both during his recent trip to Beijing, and during today’s economic forum in Russia, Vladimir Putin has spoken about the planned Power of Siberia 2 (PS-2) gas pipeline.

The project could one day deliver an additional 50 billion cubic metres of gas per year to China via Mongolia, allowing Beijing to hedge against any future reliance on American gas.

While Xi Jinping’s guest of honour, Russian media announced a “breakthrough” agreement was signed on PS-2, but Gazprom have said that pricing is yet to be agreed.

Speaking on Wednesday, Putin claimed there was “no charity” involved in the pipeline agreement – with Russia reliant upon China’s trade to keep its economy afloat. However, he added Moscow would give Beijing gas at a price lower than Europe.

“The growing Chinese economy has needs, and we have the opportunity to supply these raw materials,” he said.

“Everyone is satisfied, everyone is happy with this result,
to be honest, and so am I.”