Russia-China Gas Pipeline Deal Stalls Over Price Dispute

Negotiations between Russia and China over the Power of Siberia 2 gas pipeline have stalled due to disagreements on pricing and supply commitments. China demands prices similar to Russia's domestic rates and has only agreed to purchase a small portion of the pipeline's capacity. This impasse highlights Russia's increased financial dependence on China following its invasion of Ukraine and the subsequent decline in gas sales to Europe. Despite Russia's claims of an imminent agreement, significant obstacles remain.