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China, Russia Reach 30-Year, $400 Billion Gas Deal

HeadlineMay 22, 2014

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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