Russia's Chinese overture as sanctions bite

AS THE Russian government mulls a $US40 billion ($43.08 billion) bailout of state-owned oil giant Rosneft, the Ukrainian crisis has led to at least one major global realignment – Russia's relations with its one-time foe, China, have never been cosier.

Russia's Chinese overture as sanctions bite Russia's Chinese overture as sanctions bite Russia's Chinese overture as sanctions bite Russia's Chinese overture as sanctions bite Russia's Chinese overture as sanctions bite

The latest sign of a new-found friendship was evident when President Vladimir Putin invited China's CNPC to take up a 10% stake at the developed Vankor field in eastern Siberia for $1 billion.

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