China And Russia Sign 30 Year Gas Deal
Wednesday, May 21, 2014
After 10 years of negotiations, China and Russia have made a major deal to import natural gas from Russia to China by pipeline.
The gas will be sent through a new eastern pipeline that has yet to be built.
As Joe Weisenthal, executive editor at Business Insider tells Here & Now’s Jeremy Hobson, this is a big deal for Russia, given European sanctions over its intervention in Ukraine.