Troubled Russia Tries to Exploit Links to China
. . . like Tesla propping up SolarCity. Two weak companies hemorrhaging money, seeking solace from each other. Two weak nations hemorrhaging money seeking solace from each other.
Russia needs financing, the problem has become so bad, it has had to curtail oil development mid project. It needs to sell more oil, and natural gas, it has so infuriated its European buyers that market is drying up. The remaining markets are smaller and weaker, except for China, and so Putin goes hat in hand to seek market share.
"Last month, China agreed to provide loans valued at 400 billion rubles ($6.2 billion) for the development of a high-speed railway line between Moscow and Kazan, paving the way for a formal deal on the project this weekend. Some analysts also expect the two governments to advance a liquefied natural gas plant in the Russian Arctic, backed by $12 billion in loans from two Chinese state-owned banks."
High speed rail?! Russia is a third world+ country, it cannot afford high speed rail. What a silly waste, this probably obviates our need to engage Putin in an economically destructive arms race! Heh!