China, Russia tipped to power up energy ties as Europe weans itself off Putin’s oil and gas

China, Russia tipped to power up energy ties as Europe weans itself off Putin’s oil and gas

Energy cooperation between China and Russia is expected to step up, according to observers in China, as Europe looks to wean itself off Russia's oil and gas after the Ukraine war.

The assessment was made during a closed-door seminar hosted by Renmin University in Beijing by a group of Chinese diplomatic researchers looking into the war's impacts on China and the global economy.

It also came as Russia, which produced roughly 10 per cent of global oil and supplied some 40 per cent of Europe's gas before the war, appeared undeterred, even as the West was ratcheting up economic and financial sanctions.