Why Washington needs to be concerned about Beijing’s need for fuel.
While the United States and European Union strongly oppose Russia over its expansionist agenda in Ukraine, China has cautiously avoided having to take a side as the rhetoric became more and more heated. Russia’s increasingly fraught relationship with the West has strengthened China’s hand, allowing them to import cheaper gas from Russian, as evidenced by the deal struck on the sidelines of the recent APEC Summit. As the world’s second largest economy and number one energy consumer, China is perusing all possible avenues to ensure its energy security. Read the full story »