Mongolia Twists The Knife Further Into Vladimir Putin

While Vladimir Putin deals with Ukraine’s advancing the first military invasion of Russian territory since 1941, Mongolia has delivered to him yet another economic blow that he likely also did not expect to have to confront. In its four year economic plan, Mongolia did not include any funding for the Power of Siberia-2 natural gas pipeline that was supposed to link Russia with China.

It has been estimated by Gazprom, the Russian energy giant, that the new pipeline could deliver 1.8 trillion cubic feet of natural gas per year to China, which would certainly help Russia compensate for some of the market share that it lost in Europe due to sanctions following its 2022 invasion of Ukraine.