Russia and China announced a new “maritime cooperation-2014” between military’s this week. Ministers from both armed forces met in Shanghi this week.
While China is expanding relations with Russia, the U.S. is stepping up it’s sanctions against China’s new best friend.
The Chinese put out a stern warning to the U.S., that any new sanctions on Russia would only help “escalate tensions” between the countries. Chinese Foreign Ministry spokesman Qin Gang said on Monday,
“We believe that sanctions are inconducive to the solution of problems. On the contrary, they will escalate tensions,” he said.
It is not in line with any side’s interests to impose sanctions, he added. “We call on all parties concerned to continue dialogue and negotiations so to resolve the crisis in a political way.”
Qin told a daily press briefing that China has been in touch with all relevant nations, including G7 nations, since the Ukrainian crisis erupted, and made clear the nation’s stance on the issue.
RT is reporting that Russia and Iran have struck a new $10 Billion energy deal to help bring “thermal and hydroelectric plans, along with a transmission network” to the country. From RT:
Iran and Russia are negotiating a power deal worth up to $10 billion in the face of increasing US financial alienation. The construction of new thermal and hydroelectric plants and a transmission network are in the works.
Iran’s Energy Minister Hamid Chitchian met his Russian counterpart Aleksandr Novak in Tehran on Sunday in order to discuss the potential power deals, according to Iran’s Mehr news agency.
“[Expansion of] Iran-Russia relations are not only to the benefit of the two nations, but also are beneficial to entire region,” Iranian President, Hassan Rouhani, stated in a meeting with Novak in Tehran on Sunday, reported Iran’s FARS news agency.
Plans include the construction of hydroelectric and thermal generating plants and a new transmission network. The possibility of Russia exporting 500 megawatts of electricity to Iran is also on the cards, said Mehr.
The American Empire’s base, or the “sovereign” nation of Bahrain also made a new investment deal with Russia this week:
The governments of Bahrain and Russia have signed a deal to cooperate on investments, at a time when U.S. and European governments are imposing economic sanctions on Russia over the crisis in Ukraine.
Bahrain is a U.S. diplomatic ally in the Gulf, and its decision suggests Western sanctions may not deter other countries from continuing to expand business ties with Russia.
In a statement on Tuesday, the Russian Direct Investment Fund (RDIF) said it had signed a memorandum of understanding with Bahraini sovereign wealth fund Mumtalakat to identify and work together on investment opportunities in their countries.
Mumtalakat chief executive Mahmood al-Kooheji will join the RDIF’s international advisory board, helping to formulate its strategic direction, the statement added.
The Bahraini fund is one of the smaller sovereign funds in the Gulf, with $7.1 billion of assets as of last September. The RDIF is a $10 billion fund created by Russia’s government to make equity investments, mainly in the Russian economy.