

This massive new Russia-China project will have huge impact on world
Sep 24, 2025
38:00
Donald Trump wants to use tariffs to force countries to buy more US oil and natural gas. Instead, China and Russia signed a deal to build the massive Power of Siberia 2 pipeline, which could transform the global energy market. Russia is integrating with Asia, while Europe faces a crisis that is devastating its manufacturing sector. Political economist Ben Norton explains.
VIDEO: https://www.youtube.com/watch?v=n6wtK8Hrpl4
Topics
0:00 Close China-Russia relations
1:28 Power of Siberia 2 pipeline
3:23 Dedollarization
4:04 Europe boycotts Russian energy
5:28 Nord Stream pipeline sabotage
6:28 (CLIP) Trump on Nord Stream & US energy
7:06 Crisis in Europe
9:14 Russia integrates with Asia
10:13 Russia tried to join the West
11:03 NATO expansion
11:47 Ukraine coup & war
13:26 Russia's trade with China
14:16 De-dollarization
14:43 Trump's tariffs
17:01 Why Trump hit India with tariffs
18:22 (CLIP) Trump on US oil & gas
18:34 USA: #1 producer of oil & gas
19:17 Weaponizing energy
19:46 China's natural gas imports
22:11 China & Russia: long-term partnership
23:22 Colonial Monroe Doctrine & oil
25:02 China's oil imports
25:41 Trade chokepoints
27:04 Europe becomes US vassal
28:17 (CLIP) Trump boasts of imposing EU deal
28:55 EU imports of oil & gas
30:38 Deindustrialization of Europe
31:16 EU prosperity depended on China & Russia
31:50 (CLIP) Ex EU foreign policy chief Josep Borrell
32:35 Germany's "existential" industrial crisis
34:15 China's car manufacturers & electric vehicles (EVs)
36:44 Europe loses out as Asian Century advances
37:40 Outro