Skip to comments.Russia builds gas ties with China amid tensions with EU over Ukraine (VIDEO)
Posted on 05/22/2014 12:29:33 AM PDT by Berlin_Freeper
Russia signed an estimated $400 billion deal with China to supply 38 billion cubic meters of natural gas annually for as long as 30 years in a move seen as a long-term strategic decision to re-orientate the countrys energy exports. As the European Union pushes forward with energy diversity and tensions high over Moscows aggressive policy towards Ukraine, it appears that Russian President Vladimir Putin found a constant buyer on the nations eastern border, capping off almost a decade of negotiations.
The deal also shows that Putin is taking seriously the possibility of tougher economic sanctions from the West.
In 2013, the EU purchased 161 billion cubic meters of gas from Russia, which was approximately 30 percent of its needs. Ukraine transported nearly a half of Europe's needs, while this year the planned figure is only 70 billion cubic meters and it may be even less, given the current tensions.
(Excerpt) Read more at kyivpost.com ...
161 - 70 = 91 (loss from Europe)
91 - 38(China)= 53 billion cubic meters loss per year
$400 billion - $22 billion (conservative cost estimate)= $378 billion
$378 billion / 30 years= $12.6 billion a year
US & Europe sanctions = Russias Deputy Economy Minister, Andrei Klepach, predicted capital flight reaching $70 billion by the end of the first quarter.
Total= Russia takes a bath
$378 billion / 30 years= $12.6 billion a yearAmericans spent a record $56 billion on pets last year
Anyone know about this?
Is there a base there.?
takes a bath
A bath for now perhaps, but if this helps to dethrone the petrodollar, America gets drowned.