Russia and China signed a legally binding memorandum for the Power of Siberia 2 pipeline, routing 50 billion cubic meters of natural gas annually from Russia's Yamal region through Mongolia to northern China.
Putin emphasized "market rates" without discounts, countering Western claims of concessions. The project underscores Russia's eastward realignment, potentially undermining U.S.
LNG dominance in Asia while Europe grapples with higher energy costs.
