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May 22, 2014

China, Russia Reach 30-Year, $400 Billion Gas Deal 
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China and Russia have struck a landmark energy deal after 10 years of
talks. The $400 billion, 30-year agreement will send gas from Siberia to
China via a pipeline. The pact is seen as a major setback for Western
sanctions on Russia imposed during the Ukraine crisis, with Russia now
sending its main export to one of the world's largest energy markets.

 

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