Energy & Resources

Russia’s ‘Power of Siberia 2’ Pipeline: A Symbol of Beijing’s Leverage, Not Moscow’s Triumph

By Economics Desk | September 10, 2025

Russia’s touted gas pipeline to China reveals Beijing’s dominant grip and exposes Moscow’s struggle to replace lost European energy revenues—highlighting Moscow’s dependency rather than strength.

Russia’s announcement of the \"Power of Siberia 2\" gas pipeline to China is being hailed by Moscow as a major strategic pivot away from Europe amid sanctions. But behind the grand rhetoric lies a sobering reality: this project symbolizes Beijing's dominance over Russia, not the other way around.Is Russia Really Replacing Lost European Energy Revenue?For decades, Russia cashed in billions exporting natural gas from its abundant western Siberian reserves to Europe. Those profitable pipelines funded Kremlin ambitions and fueled the Russian economy. But following Moscow’s unprovoked invasion of Ukraine, Europe is swiftly cutting off these supplies as part of its...

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