by David P. Goldman
[BesaCenter] EXECUTIVE SUMMARY: The Ukraine crisis has created a catalyst for Sino-Russian rapprochement. Events in Ukraine have persuaded Russia that it cannot rely on Western Europe as its primary market for hydrocarbon exports. Consequently, after decades of negotiations between Moscow and Beijing for a long term natural gas mega-contract, it seems that Russia has finally relented to China's terms, with China becoming the senior partner in a lopsided China-Russia relationship. |