The first global “green” energy crisis is not the last!

Here we are sinking in the next energy crisis. This time it will be ”green”.  Gas prices are rising like cryptocurrencies, oil has exceeded levels unseen since 2018. How will it end? And most importantly – when?

Georgy Bovt
candidate of historical sciences, political scientist

What is happening these days and weeks in Europe? Off-scale gas prices (some ten days ago, some doubted whether they would surpass $ 1,000 per thousand cubic meters, and on October 6 they came close to 2,000). And ill-considered, hasty abandonment of traditional forms of energy in favor of green energy.

Coal prices, by the way, are also hitting records. In some countries (in the UK, for example) they are even thinking about the reopening of coal mines. China also made a significant contribution to the rise in coal prices by banning the export of coal to one of its largest producers. They themselves, they say, do not have enough.

Energy companies are a big winners. The value of shares of the Gazprom is breaking records. Together with the oil industry, it pulls the entire domestic (Russian) stock market with it. The question is how long this feast will last during the coronavirus plague. The 30-fold increase in the gas price compared to May 2020 can hardly be called normal. Even taking into account the fact that in this case we are talking about futures, and the growth of the real price is much less. It is still very significant, and cannot pass without leaving a trace for the rest of the economy.

I must say that the European Union itself planted this bomb when, quite recently, it began to demand that the market switch to short-term contracts, which are obviously more volatile. Most recently, this has been superimposed on such a purely technical exchange factor as massive margin calls at hedge funds. Those who decided to play “bears”, believing that prices simply have nowhere to rise higher, were cruelly mistaken. For tens of billions of dollars. 

Preconditions for this crysis were formed back in the northern summer

The preconditions for the market acceleration were formed back in the summer. It turned out to be unusually hot increasing, in particular, the demand for electricity air conditioners. This was superimposed on a sharp increase in demand from China. It was the first to emerge from the coronavirus economic torpor. Already in the summer, the main supplies of LNG were switched to Southeast Asia. Some in the EU considered it important to counter “gas dependence on Russia.” The reduction in supplies to Europe reached 20%. These volumes were not replenished by anyone, including the Americans, who previously praised their LNG as a means of liberation from the “energy diktat of Moscow.” Americans (and everyone else) could not resist big price increase in Asia.

It is also worth noting that Europe’s own gas production continued to decline. This happened due to the depletion of explored deposits and against the background of the refusal to develop new ones for the sake of the “green energy transition”. That resulting in reduction and then a complete cessation of such investments. 

Who they will blame?

Gazprom made its own small contribution. It has never booked additional volumes of supplies through Ukraine this year. Everything is clear according to the letter of the 2019 transit agreement with the Ukrainian Naftogaz. Strictly speaking, Gazprom was not obliged to do this. A contract is a contract: business, nothing personal. Also, the Russian gas monopoly short-term cut by 10% in August supplies through the Yamal-Europe pipeline and stopped selling gas through the electronic trading platform for a year in advance. It should be noted that gas supplies from Russia to Europe in January-June increased by 17 billion cubic meters compared to the same period last year. By the end of September the increase was already 18 billion cubic meters – while other suppliers did not increase exports. So Gazprom did not violate any obligations.

However, the inevitable search for the “extreme” in such a situation may force some in the West to again “blame” Moscow. . And also China, which buys up everything on the market with a vacuum cleaner. Not America, which, although it did not fulfill its promises, but they were not contracted. . And you certainly cannot blame those who do not want to abandon the provisions of the Third Energy Package (EU). According to that Gazprom will not be able to use more than half of the pipe’s (Nord Stream 2) capacity. Yet for the sake of life-giving competition!

The short-term consequences of the energy crisis are quite predictable. This is, firstly, the surge in inflation around the world, which is already pumped up by trillions of emissions of dollars, euros and yen, committed to support economies (and stock markets) in the midst of a pandemic.

Transition to “green energy” will be long and expensive

A number of countries have started talking about rationalizing energy supplies. China has actually started to do this. And his example is very revealing and clearly demonstrates that the transition to “green energy” will be difficult, long and expensive.

Power generation in China is more than 70% dependent on coal. It is the dirtiest source of energy in terms of greenhouse gas emissions. However it is one of the cheapest. The CCP has set a goal of achieving a carbon neutral economy by 2060 – ten years after the European Union. Well, once the party (CCP) has set a goal, it must be fulfilled. Investment in the coal industry is falling and so is production. So far, it has not been possible to fill the shortage with renewable energy.

The example of China and Europe suggests that all of this is just the beginning of a long journey towards green energy. The current crisis can rightfully be called the First World Crisis of the Green Transition. And such excesses will repeat and grow. The process will continue not for years, but for decades. Energy systems – at least temporarily, until the right balance is found – are becoming more vulnerable, not more resilient (including to the vagaries of the weather). And it will be very difficult to find and maintain this balance.

Where will electricity come from?

Only one conversion of road transport to electricity will lead to an increase in demand for it by 20-30%. Where will it come from? How difficult will this very “energy transition” be made by growing inflation (as a consequence of the general rise in energy prices) in combination with increased price volatility? Nobody knows yet. That is, with a high probability, the “energy transition” will be accompanied not by economic growth, but by an economic recession or stagnation against the background of shocks in certain sectors of the economy.

Spurred on by loud political slogans (and the corresponding actions of state regulators), investors are heavily investing in “renewable energy”. That is certainly good thing but they are stopping investing in traditional ones.  Wind and solar electricity must be stored somewhere, it is not coal, which can be taken out of the ground as needed. This means that huge storage capacities are needed. 

In business, this is called unpredictability. And it costs money. The technological solution to this problem takes time – and also money. Until recently, a model worked in Europe. Gas generation served as insurance for renewable energy. However, insurance does not work properly in the face of such a sharp rise in prices.

Of course, the scale of the catastrophe that happened should not be exaggerated. And all the more, you shouldn’t bury the “green energy”. At stake is survival on planet Earth and preservation of its climate in a form acceptable to the human race. As the current crisis is overcome, new long-term solutions will be found. 

Russia & India have huge potential in energy sector

The potential for increased cooperation between Russia and India in the energy sphere is immense. Investors in both nations looking to expand mutually beneficial projects, India’s energy minister, Hardeep Singh Puri, told RT.

There’s a lot of ongoing cooperative work in the sector of petroleum and natural gas [between Russia and India]. It contains tremendous potential.”

He noted that Russia has many ongoing projects in the energy arena in India and is looking to further invest in the country. As it was expressed at a number of meetings with Russian companies at the EEF this week. According to Puri, India’s investments in Russia’s energy sector amount to some $16 billion. Russia has invested around $14 billion in India. 

Puri also stated that India’s import dependence on liquid hydrocarbons and gas is about 85%. Only about 1% of the country’s energy imports come from Russia. As India forecasts its economy to grow to $5 trillion in the next three to four years, he expects the country’s energy per capita consumption to grow “exponentially,” giving further ground for boosting energy cooperation between the two states.

We’ve got the roadmap in terms of the potential [in the energy sphere]. Both sides would want long-term agreements which provide predictability, stability and prices,” Puri said.

Russia and India are strategic partners in energy secotr

He added that he expects a “fascinating dialogue” about expanding energy inflows to India in the near future, as the country’s energy demand makes it a rather attractive market. 

No matter where you find oil and gas, somebody has to consume it. Many existing markets have reached a point where they have their sources, they have imports. India is one country where you can’t go wrong on the demand assessment. So potentially it’s a fascinating dialogue to have,” Puri said.

India is in need of energy and energy sources are here [in Russia]. Russia and India are strategic partners in energy and nobody has a second opinion on that,” he concluded.

During the EEF plenary session on Friday, Indian Prime Minister Narendra Modi also spoke positively about energy cooperation between India and Russia. He said it can bring stability to the global energy market, calling it a “major pillar of our strategic partnership.”

In his virtual address, Modi said Indian workers were taking part in gas projects in the “Amur region, from Yamal to Vladivostok and onward to Chennai.” He added that Indian authorities “envisage an energy and trade bridge.”

I am happy that the Chennai-Vladivostok maritime corridor is making headway. This connectivity project, along with the International North-South [Transport] Corridor will bring India and Russia physically closer to each other,” Modi stated.

Pakistani Stream: Russia Goes South – Just Beginning

Sergey Savchuk

The foreign press reports that Russia continues to work to build up its strategic presence in key points on the world map. In this case, we are not talking about the army and the navy. It is about energy and specifically about the “Pakistani Stream”.The other day in Islamabad, a bilateral meeting ended, at which groups of technical specialists from both countries confirmed their readiness to implement the project, for which the development and coordination of technical issues and documentation will continue. The main difference from the memorandums of previous meetings is that geological exploration will begin along the route of the potential gas pipeline. That is, the future pipe makes its first step from paper to the ground.

Initially, the idea of ​​the project arose at a difficult time. In 2015, an intergovernmental agreement was signed on the development and construction of the North-South gas pipeline. With a length of almost 1,100 kilometers and a cost of about $ 2 billion. The implication was that Russian contractors would build a transit line from the port of Karachi to the city of Lahore. The peculiarity of the technical idea was that it was necessary to additionally build a regasification terminal in the port. There LNG would be delivered using sea LNG carriers. After being transferred back to a volatile state, it would go strictly north to the Punjab province.

For the next two years, the project moved very slowly. The parties could not agree on the size of tariffs for pumping gas. It is noteworthy that Russia demanded an increase in cost, otherwise the project was economically unprofitable. Then the next US sanctions were imposed on the Rostec corporation, the key executor on the part of Russia. That further impeded the implementation. 

Renaming the project – Pakistani Stream

Last fall, the parties revised the terms of the agreement again. This time exclusively at the request of Islamabad. The share of Pakistan’s participation in the project has grown from 51 to 74 percent. The condition of attracting and using only Russian materials, components and equipment is strictly stipulated. It was decided that Russia’s investment will not exceed 25 percent. Pakistan will cover all other costs. In the spring of this year, the project was renamed “Pakistani Stream”. The energy ministers of both countries announced their readiness to start construction in the very near future.

Pakistan is a country with a population of over 220 million. If you mark on tracing paper the location of all Pakistan’s power plants, and then superimpose this tracing paper on a physical map of the country, a critical imbalance will be visible to the naked eye. 20 stations operating on oil products. 22 thermal power plants operating on natural gas. Nine coal and three nuclear power plants. Pakistan needs light in the homes of its citizens and reliable sources of energy.

The implementation of the “Pakistani Stream” with a capacity of 12.4 billion cubic meters of gas per year will provide fuel for new power plants. That, in turn, will feed industrial enterprises concentrated in Punjab, on the border with India. If the project turns out to be successful, nothing prevents the gas pipeline from being extended to the capital. The transport shoulder from the city of Multan to Islamabad is just over four hundred kilometers.

Possible avalanche of global transformation

There is not the slightest doubt that the revitalization of the region is connected both with the political changes in Afghanistan and with the completion of the construction of Nord Stream 2. Russia has clearly shown that it is capable of completing any projects, even under the pressure of massive sanctions. India is striving to become the main metallurgical power in the world It simultaneously needs the iron ore of Afghanistan, coking coal and blue fuel from Russia. Pakistan wants to reach a new level of industrial development. This again requires natural gas, and all neighboring countries themselves are experiencing a deficit in it and clearly do not intend to share it with Islamabad. 

Afghanistan, in principle, is ready to absorb any amount of resources, since the electrification of the country, thanks to the incessant war, is at a medieval level.The American withdrawal from Afghanistan was the stone that moved an avalanche of global transformation. If the Taliban manage to keep the country from another all-out war of all against all, then in the very near future we will witness a battle for new energy, trade and industrial markets.

The Russian nuclear industry to switch to the development of new civilian power reactors

The license of Rostekhnadzor for the creation of the BREST-OD-300 power unit was issued to the Siberian Chemical Combine of Rosatom (Siberian Chemical Combine, Seversk, Tomsk Region)

Aleksandr Uvarov, editor-in-chief of the information portal on nuclear energy AtomInfo.ru, told RIA Novosti that “Construction of a new reactor is starting in Russia and thus a new,“ land ”direction of reactors with heavy metal coolant is being opened, which is still nowhere in civil nuclear power. has not been mastered in the world ”   He recalled that Russia is the only country with successful experience in operating heavy-metal cooled reactors used on a number of Soviet nuclear submarines.

The power unit with an installed electric capacity of 300 MW with the BREST-OD-300 reactor should become the key object of the experimental demonstration energy complex (ODEC), which is being built at the SGChK site within the framework of the strategic industrial project “Breakthrough”   In addition to the power unit, the ODEC includes a complex for the production of mixed uranium-plutonium nitride nuclear fuel for the BREST-OD-300 reactor, as well as a complex for the reprocessing of spent fuel.

The complex will make it possible to create a closed on-site nuclear fuel cycle, which will make it possible not only to generate electricity, but also to prepare new fuel from the fuel discharged from the reactor core. Earlier it was reported that the launch of the BREST-OD-300 reactor is scheduled for 2026. The BREST-OD-300 reactor is intended for practical confirmation of the main technical solutions laid down in lead-cooled reactor plants in a closed nuclear fuel cycle, and the main provisions of the inherent safety concept on which these decisions are based.

The features of the reactor make it possible to abandon large volumes of containment, a melt trap, a large volume of support systems, and also to reduce the safety class of non-reactor equipment.   Lead coolant has a number of advantages. First, it slows down neutrons a little, which is fundamentally important for the operation of “fast” reactors. In addition, lead has a high boiling point (about 1.8 thousand degrees Celsius), it is chemically inert in contact with water and air, and does not require high pressure in the coolant circuit.  

The combination of the properties of a heavy lead coolant and dense heat-conducting nitride fuel creates conditions for achieving full reproduction of nuclear “fuel” and excludes the most severe accidents – with an uncontrolled increase in power (as in Chernobyl) and loss of heat removal from the reactor core (as in Fukushima). This is the essence of the natural safety of the BREST-OD-300 reactor.   The integral design of the reactor plant makes it possible to localize coolant leaks in the reactor vessel volume and to exclude the dehydration of the core.

This excludes accidents requiring the evacuation of the population, and this actually means that the radiation safety of the environment is guaranteed not by technical means and methods, but by the very absence of activity above the already existing natural levels.

Why Rosatom’s new laid-down reactor is the safest in the world, and when will it enter series

Russian giant Rosatom is rightfully considered the world leader in nuclear energy and a number of other high-tech areas, as evidenced by an extensive portfolio of foreign orders

Rosatom was the first to master the serial production of the latest modern third generation fast breeder reactors. 

Now our concern has begun construction of the world’s first power unit of the next generation – the fourth.

A new power unit is being built in the city of Seversk in the Tomsk region. 

The installation was named Brest OD 300.

The new reactor operates on fast neutrons and has a lead coolant.

Rosatom considers this # type of reactor to be completely safe. Accidents like Chernobyl and the Fukushima disaster using the Brest reactor are excluded.

The new reactor was based on the principle of natural safety. 

Foreign competitors of Rosatom do not possess such technology and continue to build thermal neutron reactors in which water serves as a coolant.

The advantage of fast reactors is the ability to reuse spent nuclear fuel as new fuel, thereby achieving a closed cycle. 

In addition to being economical, fast reactors are safer than existing thermal reactors. The possibility of unpredictable and uncontrollable acceleration of neutrons is excluded, which is equivalent to the loss of the coolant. 

The risk of a parazirconium reaction that provoked the disaster at the Fukushima nuclear power plant is also excluded. 

The work on the design of the fourth generation reactor has been carried out by Rosatom since 2010. Rosatom plans to commission the Brest power unit by the end of 2025.

One of the important advantages of the new reactor will be its ability to run on fuel # uranium 238, which is much cheaper and more widespread on our planet, in contrast to the rare uranium 235.

In the next few years, Rosatom plans to organize the serial production of the newest Brest reactors in Russia, and after 2030 start exporting them to foreign partners. 

Russia & Pakistan agree to build gas pipeline from Karachi to Lahore

Russia has signed a deal with Pakistan to build a major gas pipeline linking the nation’s southern port of Karachi to industrial hubs in the north. The deal is set to be the biggest between Moscow and Islamabad since the 1970s.

Russia’s Energy Minister Nikolay Shulginov and the Pakistani Ambassador, Shafqat Ali Khan, signed a revised agreement on the project in Moscow on Friday, opening the way for the start of construction in the near future.

Spanning more than 1,100 kilometers, the pipeline dubbed the ‘Pakistan Stream’ is expected to have a discharge capacity of up to 12.3 billion cubic meters of natural gas per year, according to the Energy Ministry’s statement.

The pipeline would connect liquefied natural gas terminals in Karachi and another port city, Gwadar, with power plants and industrial hubs in Pakistan’s northern region of Punjab, which includes the city of Lahore.

Both nations “put a major effort” in preparing the amendments to the deal. The signing of the agreement would allow them to begin construction “as soon as possible.” The deal would “help Pakistan strengthen its energy security and increase its reliance on natural gas as an eco-friendly energy source.” 

Last year, a Pakistan official told Bloomberg that the construction could start as early as June. However, officials in Russia have not confirmed this information yet. The project, which has an estimated cost of $2.25 billion according to the Pakistani media, would involve the establishment of a Special Purpose Vehicle (SPV) company operated jointly by Pakistan’s Inter State Gas Systems and several Russian firms, including the TMK – a company that is one of the world’s leading steel pipe suppliers for the oil and gas industry, doing business in Russia, the US and Canada, among other nations.

Under the agreement, Pakistan would reportedly own 74% of the stakes in the pipeline operator while Russia would have the remaining 26%. The initial agreement on the pipeline construction was signed back in 2015 but it was then reviewed.

The project is set to become the biggest infrastructure deal between Pakistan and Russia since at least the early 1970s, when the Soviet Union built the Pakistan Steel Mills industrial complex at Port Qasim, near Karachi.

“The Pakistan Stream remains a flagship project in bilateral cooperation between Russia and Pakistan and both nations give priority to this issue,” Shulginov said.

Oil tankers park in a terminal at a port in the Pakistani city of Karachi

Kind nuclear neighbor: What is known about the new project of Putin and Xi Jinping

Об этом сообщает “Рамблер”

By Elena Proshina

Vladimir Putin and Xi Jinping will open a new joint nuclear project between Russia and China on May 19, TASS reports with reference to the Chinese Foreign Ministry . Details of the project are classified. The Chinese Foreign Ministry only announced that the leaders will participate in the presentation via video link. They did not specify what kind of object they were talking about.

Previously, Russia and China collaborated on the construction of four power units at the Tianwan NPP and the CEFR Demonstration Fast Nuclear Reactor. What do they say about the project in Beijing? Konstantin Shchepin, a Russian journalist in China:

“Judging by the open information, we already have a lot of projects in the nuclear power industry. This is the famous Tianwan NPP, which is being built in the Jiangsu province and where more and more power units are being built based on our VVER-1200 reactors. These are uranium enrichment plants in Gansu province. It is said that Beijing and Moscow have long been carrying out a project of a new generation of fast breeder reactors somewhere near Beijing. But there is very little information about this in the official media.

Perhaps this experimental reactor will be officially put into operation. These are my guesses. In Beijing, nothing has been written about this yet, it was the message that went through, everyone was surprised, everyone was inspired, everyone froze in anticipation and opened their eyes – what would it be. But so far the people are perplexed. Maybe this will also start a new project: China and Russia have already quite a long time ago, in my opinion, even last year or the year before, agreed on the construction of nuclear power plants in the northeast of China. It is not clear yet.”

In June 2018, after a visit to China, Vladimir Putin said that the countries had agreed on the construction of two power units of the Tianwan NPP by Rosatom , and also agreed on the construction of another Russian-designed nuclear power plant in China. Construction was scheduled to begin in December 2020.
Representatives of Rosatom and the Chinese National Atomic Corporation have already signed a general contract for the construction of the seventh and eighth units of the Tianwan NPP. According to the head of Rosatom, Alexei Likhachev, in May it is planned to “build the first concrete at the seventh power unit.”

Power unit of the Tianwan NPP launched with the assistance of Russian specialists


The work on the physical start-up of the Tianwan NPP in China was completed on September 30 with the participation of the state corporation Rosatom, the press service of the company reports.
The last stage of work on the launch of the Tianwan NPP was the bringing of power unit 4 to maximum capacity, which was carried out on September 30 with the technical assistance of specialists from the Engineering Division of Rosatom.
Rosatom noted that the physical start-up of the reactor was completed ahead of schedule


Russia and China will build a station on the moon


The Russian and Chinese sides signed a memorandum on the creation of a lunar station. This is stated on the website of “Roscosmos” .

Representatives of the governments of Russia and China – the head of Roscosmos Dmitry Rogozin and the head of the Chinese National Space Administration (KNKA) Zhang Kejian – signed a cooperation agreement in the format of a video conference. The parties agreed to be guided by “the principles of parity distribution of rights and obligations” and to use “outer space for peaceful purposes in the interests of all mankind.”

The memorandum specifies that the planned lunar station is intended “for multidisciplinary and multipurpose research work,” and considers the further prospect of the presence of a person directly on the moon. The agreement implies both joint planning, development and implementation of the project, as well as its presentation to the world community.


“Russia and China traditionally strive to develop cooperation in the field of space technologies”, – is specified in the conclusion of the agreement.


The document also implies the cooperation of the Russian mission with the orbital spacecraft Luna-Resurs-1 (OA) and the Chinese mission to explore the polar region of the Moon, Chang’e-7.
At the end of 2020, China, which had previously sent a mission to the moon, planted a national flag on the surface of a natural satellite of the Earth. Thus, the country became the third – after the USA and the USSR – power to plant its flag on the moon.

Russia and China agreed to extend the Neighborliness Treaty


The treaty on good-neighborliness, friendship and cooperation, which Russia and China have agreed to automatically extend for another five-year period, will be filled taking into account new realities and will give impetus to the development of bilateral relations, said Chinese Foreign Minister Wang Yi.

“This year marks the 20th anniversary of the signing of the Treaty on Good Neighborliness, Friendship and Cooperation, which is very important. Over the past 20 years, this agreement has laid a solid legal foundation for the healthy, sustainable development of Russian-Chinese relations and contributed to the optimization and modernization of bilateral relations.

We have agreed on the automatic extension of this agreement, and we must constantly give this agreement a new content, taking into account the realities of the era, so that it adapts to the new conditions of Russian-Chinese relations. I think that this agreement will certainly help us to reach new agreements and give a new impetus to the development of relations, ”TASS quotes a statement by the head of the PRC Foreign Ministry, made before the talks with Russian Foreign Minister Sergei Lavrov

As Wang Yi noted, in recent days, “a handful of European powers have been on the international stage with accusations against China and Russia, but they know that [this is] a lie under a far-fetched pretext, and [once successful] attempts to interfere in the internal affairs of China and Russia have gone far into the past. ” Wang Yi stressed that despite the changing international environment, “our determination to uphold international justice remains unchanged.” “These attempts cannot prevent China from moving forward and cannot change the historical trend,” concluded Wang Yi.


The day before, Russian Foreign Minister Sergei Lavrov arrived in China on a visit. Earlier, Lavrov, in an interview with Chinese media, said that the Treaty of Good Neighborliness, Friendship and Cooperation with China “has successfully passed the test of time and the obligations recorded in it are being sacredly fulfilled,” thanks to the document, relations between the countries reached an “unprecedented level.”


Recall that on March 1, the Ministry of Defense of the PRC characterized the Russian-Chinese relations in the military sphere as a partnership in comprehensive strategic interaction. In early January, Chinese Foreign Minister Wang Yi said that strategic cooperation between Russia and China has no end, no upper limit, and no exclusion zones.

Then in November 2020, Beijing announced China’s readiness “side by side with Russia to jointly oppose one-sided policies, protectionism and hegemony” of states that “strike a blow at international relations and international order.” In October, Russian President Vladimir Putin at a meeting of the Valdai Discussion Club admitted the possibility of concluding a military alliance between Moscow and Beijing.


September 2020, the Chinese Foreign Minister stressed the special importance of relations with Russia, and Chinese President Xi Jinping, in a congratulatory telegram to President Vladimir Putin on the occasion of the 75th anniversary of the Victory in World War II, announced China’s readiness to join forces with Russia for the sake of global peace, security and prosperity for future generations.

Food has become one of the main points of growth in trade between the PRC and the Russian Federation

Trade in food products in recent years has become one of the key points in the growth of economic cooperation between China and Russia, said Russian Trade Representative to China Alexei Dakhnovsky on Tuesday, speaking at the opening ceremony of the Russian pavilion at the SIAL food exhibition.
On Tuesday, within the framework of the SIAL international food exhibition in Shanghai, a joint stand of the Russian Federation was opened; 18 Russian companies are represented on an area of ​​400 square meters.


“Trade in agricultural products and food products in recent years has been one of the key points of growth of bilateral economic cooperation between our countries. China is the largest importer of these products, Russia has something to offer from this range, the high quality of which is in high demand among the Chinese consumer,” Dakhnovsky said, follows from the widespread video recording of the opening ceremony.


He stressed that the pandemic and quarantine measures that exist in China today have certainly had a negative impact on trade in this area. However, according to the trade representative, with the exception of seafood, in the first quarter of this year, the volume of Russian food products exports to China increased by 17.6%.

“Therefore, companies from Russia pay serious attention to their work in the Chinese market and work at the Chinese international food exhibition. We are confident that the products of Russian companies presented here will find their customers. I wish all the participants of the Russian exposition successful work at the exhibition.” added Dakhnovsky.


According to the General Administration of Customs of the PRC, the trade turnover between Russia and China in the first four months of 2021 increased by 19.8% compared to the same period last year and amounted to $ 40.2 billion.


The official representative of the Ministry of Commerce of the PRC, Gao Feng, said that China expects that trade with Russia will reach a new maximum by the end of this year.


At the end of 2020, trade between the two countries fell by 2.9% and amounted to $ 107.76 billion.

China bought helicopters from Russia for $ 2 billion


In 2019, China bought 121 helicopters from Russia for $ 2 billion, the state corporation Rostec reported.


We are talking about 68 Mi-171 helicopters, 18 Mi-171Sh helicopters, 14 Mi-171 helicopters with a VK-2500 engine and 21 Ansat helicopters. All versions of the Mi-171 are produced at an aircraft plant in Buryatia. China plans to supply 86 helicopters with Ukrainian engines.


The cost of only 100 Mi-171 helicopters can exceed $ 2 billion, expert Konstantin Makienko estimated . One “Ansat” can cost China at least $ 3.3 million.


The contracts for helicopters are the largest known with China after Russia supplied China with Su-35 fighters and S-400 anti-aircraft missile systems, said Vasily Kashin , a spokesman for the Higher School of Economics . There are about 500 Mi-8 or Mi-17 helicopters in operation in China. China also produces its own Z-20 and Z-18 helicopters, but, apparently, their characteristics do not satisfy the army, Kashin suggested.

Chinese Foreign Minister calls relations with Russia “unlimited”


Chinese Foreign Minister Wang Yi commented on the strategic relationship between Beijing and Moscow. They have no “no-go zone” or “upper limit”, RIA Novosti quoted a diplomat who was interviewed by Xinhua News Agency and China Central Television.


The PRC Foreign Minister admitted that last year the Chinese-Russian relations withstood the test of the pandemic and reached a qualitatively new level. At the same time, the countries continue to cooperate on the containment of coronavirus infection and research on the development of vaccines.


“Collaboration in new formats such as digital economy and e-commerce is expanding rapidly,” concluded Wang Yi.