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FT News Briefing

Russia-China pipeline deal stalls

Jun 3, 2024
09:59
Snipd AI
Russia and China deadlocked over gas pipeline deal, far-right parties gaining younger voters in Europe, technical trouble for Tesla's shareholder election, disagreements at OpenAI leading to resignations
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Podcast summary created with Snipd AI

Quick takeaways

  • Russia-China gas pipeline negotiations face obstacles due to Beijing's price demands, highlighting Russia's deepened reliance on China.
  • Far-right parties in Europe, such as National Rally and AFD, are gaining support from young voters by positioning themselves as anti-establishment and offering nostalgia amidst uncertainties.

Deep dives

China-Russia Gas Pipeline Negotiations

Russia and China are in discussions over a gas pipeline project that would supply gas from Western Russia to China, emphasizing Russia's need for the Chinese market due to its halted gas flow to Europe. However, negotiations face obstacles as Beijing seeks lower prices and limited annual capacity commitments. This impasse highlights Russia's deepened dependence on China following its conflict with Ukraine.

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