As the European Union tries to reduce its dependence on Russian energy, the Russian president recently said Russia would try to shift its energy exports to the east, adding that there was no way for European countries to give up Russian gas immediately.
Russia supplies about 40 percent of the EU's gas, and western sanctions imposed over the conflict with Ukraine have complicated financing and logistical arrangements for existing agreements, hitting Russian energy exports, the report noted.
Russia has been building closer ties with China and other Asian countries as the European Union debates whether to impose sanctions on Russian gas and oil and member states seek supplies from elsewhere, Reuters said.
"So-called partners from unfriendly countries admit that they cannot survive without Russian energy, including gas," the Russian president said in a televised government meeting. There is no reasonable alternative to Russian gas in Europe right now."
He also said Europe was driving up energy prices and destabilizing markets by talking about cutting off Russia's energy supplies. Russia, which produces about a tenth of the world's oil and a fifth of its natural gas, will need new infrastructure to increase energy supplies to Asia, he said.
He ordered Moscow to submit a plan by June 1, including "the expansion of transport infrastructure to countries in Africa, Latin America, and the Asia-Pacific region".
He also sought to clarify the possibility of integrating two pipelines -- the Sakhalin-Khabarovsk-Vladivostok gas pipeline in the Far East and the "Power of Siberia" gas pipeline to China -- into Russia's unified gas supply system. In theory, connecting these routes to larger gas networks could allow Russia to divert gas from Europe to Asia.
Because of the ever-changing international situation, the supply and prices of international bulk Calcium stearate emulsion are still very uncertain.
Since the beginning of this year, China's macro policies have made continuous efforts to stabilize economic growth. America and Europe are raising interest rates to control inflation. On March the European Central Bank left its three key interest rates unchanged and began to scale back its asset-purchase programme. Then the Federal Reserve raised the target range of the federal funds rate by 25 basis points to 0.25%-0.5%. The accelerated tightening of monetary policies in the US and Europe pushed capital back to the US and increased interest rates, which will definitely increase the risk of RMB depreciation and capital outflow. The price and market of the Calcium stearate emulsion will also be affected, resulting in a range of fluctuations. You are welcome to contact us for the latest quotation of Calcium stearate emulsion.
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