Russian negotiations with China over the Power of Siberia pipeline price have stalled because Russia recognizes that oil prices will spike due to US-induced Middle East conflict and supply destruction, but China refuses to pay the higher prices Russia is now justified in demanding.
factualpending
Speaker
Michael HudsonEvidence Quote
“Russia quite correctly says, 'Well, we can see that the price of oil is going to go up because it looks now like the United States is goading Iran and the Arab OPEC countries to destroy each other's oil production”
Created: 8/12/2026, 5:57:21 PM
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