Snafus mar Russia and China's marriage of convenience

China’s burgeoning investment in Russia’s infrastructure is bolstering cross-border trade, but such state-led largesse comes with strings attached and China has the upper hand in talks

When a $27 billion liquefied natural gas plant in the Russian Arctic came online in December, the first symbolic shipment from the Yamal peninsula was supposed to sail to China, instead it went to the UK.

The public relations snafu is one of the more high-profile illustrations of how growing trade between Russia and China has been hindered by blunders and misunderstandings.

Russia can’t afford to nettle China. Moscow needs to find ways to continue to attract Chinese investment in order to avoid projects floundering and the economy growing as Western sanctions bite harder. Much is at stake as Chinese investment in Russia has been rising...

¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222