Russia’s Far East has become a hotspot for raw materials, and China is taking full advantage of the opportunity
, December 21, 2022). The field’s recoverable reserves are estimated at 1.8 trillion cubic meters of natural gas, but they are almost entirely reserved for Chinese consumers. For these purposes, the Power of Siberia pipeline was built, through which it is planned to pump about 27 billion cubic meters of gas to China annually.
In truth, for Moscow, maintaining strong relations with Beijing seems to be much more important than the well-being of its own citizens. In 2014, the Kremlin initiated talks on strengthening political and economic relations with China, immediately following the Russian annexation of Crimea and the subsequent unleashing of fighting in Donbas.
By expanding raw material exports to China, the Kremlin is hoping to compensate for the losses in its heavily diminished trade with Europe, though Russia has been forced to sell oil and gas exports to its eastern partner at significant discounts, up to 30-percent less than average prices on the global market .
Fears often circulate in the Russian media that China might one day seize Russia’s Siberia and Far East territories by force. However, Beijing does not need to do this, as Moscow itself provides the necessary access and resources for virtually nothing. Today, Chinese companies own thousands of hectares of forests in Siberia and the Far East on long-term leases, and all the wood that is sourced from these areas is sent to China .
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