Russia may join forces with China to compete with US, European satnavs

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Russia and China are eyeing a number of joint high-tech projects, ranging from creation of a new long-range passenger plane to joining forces on a satellite navigation system to compete with American GPS and European Galileo.The range of prospects was outlined on Friday by Russian Deputy Prime Minister Dmitry Rogozin, who met Chinese Vice-Premier Wang Yang in Siberian Novosibirsk. Rogozin said Russia would develop cooperation with BRICS members in defiance of any possible Western sanctions.“Our technological partnership should be directed at the countries that are close to us in mentality and which in general constitute an emerging geopolitical force that we could rely on in opposing the monopolar world. Those are BRICS countries first and foremost,” he said.BRICS are an informal group of developing economies comprised of Brazil, Russia, India, China and South Africa, with a combined economic and political power allowing them to defend their interests in a world dominated by US-led Western countries.

For full report read ….. http://rt.com/news/164192-russia-china-gps-competitor

Gazprom to sign monumental gas deal with China

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Russia and China are set to sign a long-awaited 30-year gas contract during a two-day meeting, when Russian President Vladimir Putin visits Shanghai on May 20-21.Gazprom, Russia’s largest natural gas producer, and China National Petroleum Corporation (CNPC) are set to sign a gas deal that will send 38 billion cubic meters of natural gas a year eastward to China’s burgeoning economy, starting in 2018.

For full report read ….. http://rt.com/business/159880-gazprom-china-russia-cnpc/