Federal Character
  • Home
  • News
  • Politics
  • Business & Finance
  • Entertainment
  • Sports
  • Tech
  • Relationship and Life
  • Fashion & Lifestyle
  • Food & Nutrition
  • Health
  • Opinion
No Result
View All Result
  • Home
  • News
  • Politics
  • Business & Finance
  • Entertainment
  • Sports
  • Tech
  • Relationship and Life
  • Fashion & Lifestyle
  • Food & Nutrition
  • Health
  • Opinion
No Result
View All Result
Federal Character
No Result
View All Result
Home Business & Finance

Putin Visits Mongolia Amid Plans for New Russia-China Gas Pipeline

Benita OrumabyBenita Oruma
September 2, 2024
in Business & Finance
0
Putin Visits Mongolia Amid Plans for New Russia-China Gas Pipeline
Share on FacebookShare on TwitterShare on Whatsapp

Russian President Vladimir Putin arrived in Mongolia for a state visit, the Kremlin announced on Monday. The visit is significant as Mongolia lies on the route of a planned new gas pipeline that will connect Russia with China.

Since the onset of the war between Russia and Ukraine, Russia has lost a substantial portion of its gas sales in Europe due to sanctions imposed by European countries. In response, Russia has been exploring alternative markets and has been in talks for years about building a pipeline to transport 50 billion cubic meters (bcm) of natural gas annually from its Yamal region to China via Mongolia.

This project, known as Power of Siberia 2, is a key component of Russia’s strategy to offset the loss of its European gas market. It is intended to follow up on the existing Power of Siberia pipeline, which currently supplies Russian gas to China and is expected to reach its full capacity of 38 bcm per year by 2025.

While the new pipeline project has faced delays due to unresolved issues such as gas pricing, Putin stated on the eve of his visit that preparatory work, including feasibility and engineering studies, is progressing as planned. Putin is scheduled to hold talks with Mongolian President Ukhnaagiin Khurelsukh on Tuesday.

In a related development, Ukraine last week urged Mongolia to arrest Putin based on a warrant issued by the International Criminal Court (ICC) last year. The warrant accuses Putin of the war crime of illegally deporting hundreds of children from Ukraine. Despite the potential concerns this might raise about Putin’s safety, the Kremlin has dismissed the ICC accusation as politically motivated and has expressed no concerns about Putin’s trip. The ICC warrant requires the court’s 124 member states, including Mongolia, to arrest Putin and transfer him to The Hague for trial if he sets foot on their territory.

When asked whether there had been discussions with Mongolian authorities regarding the ICC warrant, Kremlin spokesman Dmitry Peskov stated last week that “all aspects of the visit have been thoroughly discussed.”

As a result, it is not expected that Mongolia will arrest Putin as Ukraine has requested. However, Putin’s visit to Mongolia raises two key points of concern. First, it highlights Russia’s efforts to strengthen relations with China, particularly in the context of sustaining its economy during the ongoing conflict, despite regional sanctions. Second, the prospect of Mongolia ignoring the ICC warrant, despite being a party to the court, raises serious questions about the adherence to international law and the effectiveness of global institutions in maintaining world stability. The ease with which international decisions can be disregarded brings into question the ability of international institutions to uphold order as geopolitical tensions rise.

Tags: chinafederal charactergasNewspipelineputinPutin Visits Mongolia Amid Plans for New Russia-China Gas PipelineRussia
Benita Oruma

Benita Oruma

Benita Oruma is a lawyer in training, a 400 level student in the university of Ibadan. She is a content writer with interest in corporate affairs and the marketplace.

Related Posts

November Nightmare: Naira Sinks Deeper as Foreign Currencies Tighten Their Grip
Business & Finance

November Nightmare: Naira Sinks Deeper as Foreign Currencies Tighten Their Grip

November 3, 2025
November Nightmare: Naira Sinks Deeper as Foreign Currencies Tighten Their Grip
Business & Finance

November Nightmare: Naira Sinks Deeper as Foreign Currencies Tighten Their Grip

November 2, 2025
November Nightmare: Naira Sinks Deeper as Foreign Currencies Tighten Their Grip
Business & Finance

November Nightmare: Naira Sinks Deeper as Foreign Currencies Tighten Their Grip

November 1, 2025
Next Post
UK Suspends Certain Arms Sales to Israel Amid Gaza Conflict

UK Suspends Certain Arms Sales to Israel Amid Gaza Conflict

Actor Adeniyi Johnson Suspended by AFRIMEK for Misconduct

Actor Adeniyi Johnson Suspended by AFRIMEK for Misconduct

Finland Tightens Security: Bans Russian Property Buys

Finland Tightens Security: Bans Russian Property Buys

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Osun’s Debt Drama: APC and Adeleke’s Government Lock Horns

Osun’s Debt Drama: APC and Adeleke’s Government Lock Horns

11 months ago
Untold Truth About Lola Idije’s Life Off Screen

Untold Truth About Lola Idije’s Life Off Screen

1 month ago
Senate Approves Second Reading of Sweeping Tax Reform Bills

Senate Approves Second Reading of Sweeping Tax Reform Bills

11 months ago
Rema Honored by Oba of Benin with Royal Plaque

Rema Honored by Oba of Benin with Royal Plaque

1 year ago

Categories

  • Beauty
  • Business & Finance
  • Entertainment
  • Fashion & Lifestyle
  • Food & Nutrition
  • Government
  • Health
  • News
  • Politics
  • Relationship and Life
  • Sports
  • Tech

Topics

2023 Aboki/Bureau De Change (BDC) apc Arsenal buhari Business cbn chelsea china court Davido Dollar Efcc Election Entertainment Euro and Pounds To Naira Exchange Rate For Today exchange rates for the Nigerian Naira (NGN) Fashion federal character federal government Finance food Football Foreign News government health inec Israel lagos Manchester United Naira Naira Black Market exchange rates News Nigeria pdp police Politics president protest Russia Sports tinubu trump ukraine US
No Result
View All Result

Highlights

Why Is NOA Selling a Movie Instead of Addressing Trump Invasion Talks?

FBI Charges Two Michigan Men in Alleged ISIS-Inspired Halloween Attack Plot

Maldives Bans Cigarette Sales to Younger Generations in Landmark Law

Trump Threatens to Withhold Federal Funds from NYC if “Communist” Mamdani is Elected Mayor

Russia Touts Pokrovsk Advance — Ukraine Says “Not So Fast”

Portable Speaks Out Amid Threats of Foreign Intervention Over Christian Killings in Nigeria

Trending

Regina Daniels Reveals Family Arrest Amid Marital Fallout
Entertainment

Regina Daniels Reveals Family Arrest Amid Marital Fallout

byAyobami Owolabi
November 4, 2025
0

Amid ongoing marital tensions, actress Regina Daniels has alleged that her elder brother and sister were arrested...

Why I Converted to Islam and Still Feel Lost - Burna Boy

Why I Converted to Islam and Still Feel Lost – Burna Boy

November 4, 2025
Headline:​‍​‌‍​‍‌ PSG and England Power the FIFPRO World 11 as Yamal Goes Viral

PSG and England Power the FIFPRO World 11 as Yamal Goes Viral

November 4, 2025
Why Is NOA Selling a Movie Instead of Addressing Trump Invasion Talks?

Why Is NOA Selling a Movie Instead of Addressing Trump Invasion Talks?

November 3, 2025
FBI Charges Two Michigan Men in Alleged ISIS-Inspired Halloween Attack Plot

FBI Charges Two Michigan Men in Alleged ISIS-Inspired Halloween Attack Plot

November 3, 2025

We launched Federal Character in February 2021 based on the belief that the world is in need of smarter and more efficient reporting of events shaping our rapidly changing world. We pledged to put our audience first, always.

Recent News

  • Regina Daniels Reveals Family Arrest Amid Marital Fallout
  • Why I Converted to Islam and Still Feel Lost – Burna Boy
  • PSG and England Power the FIFPRO World 11 as Yamal Goes Viral

Categories

  • Beauty
  • Business & Finance
  • Entertainment
  • Fashion & Lifestyle
  • Food & Nutrition
  • Government
  • Health
  • News
  • Politics
  • Relationship and Life
  • Sports
  • Tech

© 2024 FederalCharacter.com

No Result
View All Result
  • Home
  • News
  • Politics
  • Business & Finance
  • Entertainment
  • Sports
  • Tech
  • Relationship and Life
  • Fashion & Lifestyle
  • Food & Nutrition
  • Health
  • Opinion

© 2024 Federalcharacter.com