MarkusS
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You can read alot about BRICS here and how they should stand united. But simple fact is, that both China and Brazil icecold use russias current situation to push deal through which russia would never had agreed under normal circumstances.
Take the china - russia gas deal. China tried for years to get this contract under this ridicolous low price and russia did always denie to sign the contract. Now under western sanctions Putin signed it. The deal is so unfortunate for russia, that it even pays money to deliver gas to China.
Russia Loses Leverage with China on Gas Deal
Another fact is, that latin american countries demand moon prices from russia now for delivering fruits and other agricultural products.
I would expect allies to be loyal towards each other. It is interesting to see how China makes russia its bitch and latin american simply robs it.
Take the china - russia gas deal. China tried for years to get this contract under this ridicolous low price and russia did always denie to sign the contract. Now under western sanctions Putin signed it. The deal is so unfortunate for russia, that it even pays money to deliver gas to China.
Russia Loses Leverage with China on Gas Deal
Dvorkovich seems to have downplayed the importance of the base price, which has been a sticking point holding up the deal for years. With a newly determined European Union seeking to improve its energy security, Russia has few other options but to give in on pricing. China has been seeking a price for natural gas below that which Europe receives, around $10.50 per million Btu. Bloomberg notes that Gazprom needs to sell at a price of around $13.50 per million Btu to make the yet-to-be-developed pipeline and natural gas fields profitable. But, it appears Russia may be willing to eat the costs to get the deal done.
Vladimir Putin would like the world to think that the deal would be a coup for Russia. It would demonstrate to Europe that Russia has other customers hungry for its energy resources, and that Russia does not fear a confrontation with the West over Ukraine. And if Russia's Asian customers pay in Euros, Russia is also showing that it does not fear even the heaviest of moves that the U.S. would be able to muster. Still, Russia getting the deal done by caving to China on price would not actually be a show of strength, it would demonstrate Russia negotiating from a position of weakness.
Another fact is, that latin american countries demand moon prices from russia now for delivering fruits and other agricultural products.
I would expect allies to be loyal towards each other. It is interesting to see how China makes russia its bitch and latin american simply robs it.