- let it flow May 21
China agreed today to a $400 billion deal to buy Russian natural gas over a 30-year period in what is being called a "financial and diplomatic boost" for Moscow. The contract, which was signed during Russian President Vladimir Putin's two-day trip to China, calls for Russia's state-controlled Gazprom to supply 38 billion cubic meters of gas annually to a Chinese-owned oil outlet.
Observers see the deal as a move by Putin to shift his country's commercial interests away from the United States and Europe as the West continues to sanction Russia over its invasion of the Crimean peninsula in February and other violations of Ukrainian sovereignty. Putin was greeted warmly by the Chinese and the two countries signed several other agreements.
An international relations expert called the deal "good news" for both countries. "The political requirements on both sides are so powerful they can overcome the concerns on price," said Shi Yinhong of Beijing's People's University. "This is a political action by both sides."- - Jordan Valinsky
THE WEEK'S AUDIOPHILE PODCASTS: LISTEN SMARTER
- Ted Cruz is the new Sarah Palin
- How liberals are unwittingly paving the way for the legalization of adult incest
- How to be the most productive person in your office — and still get home by 5:30 p.m.
- Watch out, China — America is working on dogfighting drones
- 43 TV shows to watch in 2014
- 10 things you need to know today: October 1, 2014
- Why colleges' insistence on 'diversity' actually fails disadvantaged kids
- Why the Chinese military is only a paper dragon
- Bill O'Reilly and Stephen Colbert are accidentally having a serious debate on ISIS
- The dumb war in Syria will haunt Democrats' 2014 prospects
Subscribe to the Week