Russia and China agree on the Power of Siberia 2 pipeline route for 50 bcm of annual gas. The deal accelerates energy trade de-dollarization with crypto implications.

Vladimir Putin is travelling to Beijing for talks with Xi Jinping, where he is expected to promote the Power of Siberia 2 gas pipeline project and broader energy cooperation.

Russia has been pushing for years to build a new pipeline to China to deliver billions of dollars' worth of natural gas to its close ally.