Xi Welcomes Putin for China Talks

Summary

Russian President Vladimir Putin visits Beijing for talks with Chinese leader Xi Jinping, focusing on the long-stalled Power of Siberia 2 gas pipeline. Correspondent Stephen Engle reports that negotiations are ongoing but no immediate deal is expected. The backdrop includes the Ukraine war and rising global oil prices, making energy security a key topic.

• Putin meets Xi in Beijing to discuss bilateral ties and energy cooperation.
• The Power of Siberia 2 pipeline, a massive gas project, is a central topic.
• Negotiations are ongoing but a final agreement is not expected imminently.
• The visit occurs amid the Ukraine war and higher global oil prices.
• China is seeking favorable terms for the long-term gas supply deal.
• Russia aims to leverage its LNG supply capacity as a bargaining chip.