Beijing beefing up ‘strategic triangle’ with Russia and India to counter U.S. containment

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World Tribune

A series of diplomatic moves among the three members of the BRICS group has thrown into relief Beijing’s latest strategy to counter what it perceives as an anti-China containment policy spearheaded by Washington.

Chinese President Xi Jinping meets with Russian Prime Minister Dmitry Medvedev in Beijing on Oct. 22.

Earlier this week, the Indian and Russian prime ministers, respectively Manmohan Singh and Dmitry Medvedev made separate trips to Beijing at the invitation of Premier Li Keqiang. Last week, the Indian leader was in Moscow where he concluded energy and arms-procurement deals in meetings with President Vladimir Putin and Medvedev.

The Medvedev visit was marked by a rash of energy deals, including an agreement by Rasneft, the state oil company, to supply an additional 10 million tons of oil to China each year.

Equally significant were reports that Gazprom, the Russian gas giant, had in principle agreed on a pricing formula for gas to be supplied to China. Negotiations on gas prices have dragged on for ten years due to Chinese suspicions that Moscow is charging China rates higher than the international norm.