BENEFITS AND RISKS FOR RUSSIA AND CHINA FROM THE INTERCONNECTION OF ENERGY INFRASTRUCTURE

Author(s): Zemtsov A.S.

Rubric: Domestic and foreign trade

DOI: 10.21777/2587-554X-2024-2-80-88

Release: 2024-2 (49)

Pages: 80-88

Keywords: energy exports, economic cooperation, Russian-Chinese relations, “The Power of Siberia-2”, pipelines, geo- politics, sanctions against Russia, opportunities and challenges

Annotation: The article describes the intricate and multifaceted energy cooperation between Russia and China, using the Power of Siberia project as a case study. The author analyses the strategic partnership that results from combin- ing Russian energy resources with China’s consumption market. On the basis of a comprehensive examination of economic and political factors, the key elements that contribute to enhancing energy security and promoting economic growth in both nations are revealed. At the same time, the challenges and risks associated with such collaboration are highlighted, including the potential political instability and increased dependence. The results of the study show that in order to achieve maximum efficiency and minimize risks, careful strategic planning and flexible management of international relations are necessary. The author provides several recommendations for enhancing the energy partnership, such as diversifying energy routes and promoting joint technological innova- tion. As a conclusion, it is highlighted that successful Russian-Chinese energy collaboration has the potential to serve as a model for other international energy collaborations, contributing to global stability and prosperity.

Bibliography: Zemtsov A.S. BENEFITS AND RISKS FOR RUSSIA AND CHINA FROM THE INTERCONNECTION OF ENERGY INFRASTRUCTURE // Economics and Management. – 2024. – № 2 (49). – С. 80-88. doi: 10.21777/2587-554X-2024-2-80-88