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RUSSIA: Russia, China Still Interested in Power of Siberia 2 Link

RUSSIA
CEEMEAEM BulletRussiaBulletGlobalEmerging Market NewsRegion
  • Tass report that Russia and China have the political will to continue discussing prospects of the Power of Siberia 2 gas link, citing Kremlin spokesman Dmitry Peskov. Gazprom seeks to ship as much as 50bcm/year to China via Power of Siberia 2, but no contract has been signed. Talks between Russia and China stalled as the sides cannot agree on some commercial issues.
  • Participants in the Eastern Economic Forum actively discussed prospects of doing business with China, Kommersant report. Chinese businesses are expanding their presence on the Russian market, however, the reciprocal process of Russian companies entering the Chinese market is complicated by stiff competition.
  • Russia's budget deficit was RUB 331bn in January to August, according to the Russian Ministry of Finance, narrower than the deficit of RUB 1.362bn in the period prior. CPI data for August, preliminary Q2 GDP figures and the CBR rate decision all take focus next week.
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  • Tass report that Russia and China have the political will to continue discussing prospects of the Power of Siberia 2 gas link, citing Kremlin spokesman Dmitry Peskov. Gazprom seeks to ship as much as 50bcm/year to China via Power of Siberia 2, but no contract has been signed. Talks between Russia and China stalled as the sides cannot agree on some commercial issues.
  • Participants in the Eastern Economic Forum actively discussed prospects of doing business with China, Kommersant report. Chinese businesses are expanding their presence on the Russian market, however, the reciprocal process of Russian companies entering the Chinese market is complicated by stiff competition.
  • Russia's budget deficit was RUB 331bn in January to August, according to the Russian Ministry of Finance, narrower than the deficit of RUB 1.362bn in the period prior. CPI data for August, preliminary Q2 GDP figures and the CBR rate decision all take focus next week.