Putin left Beijing without a Power of Siberia 2 gas pipeline deal. China's pricing demands and Russia's sanctions pressure could accelerate crypto trade settlement.

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.