POLITICAL AND ECONOMIC ASPECTS OF ENERGY COOPERATION BETWEEN THE RUSSIAN FEDERATION AND PEOPLES REPUBLIC OF CHINA

Kanat YDYRYS, Serikbay YDYRYS, Malika MUNASIPOVA, Guldana TEMIRBAYEVA


Kanat Ydyrys, Ph.D. (International Relations), Senior Lecturer, Department of International Relations, Khoja Akhmet Yassawi International Kazakh-Turkish University (Turkestan, Republic of Kazakhstan)

Serikbay Ydyrys, D.Sc. (Econ.), Professor at the Department of Economics, Khoja Akhmet Yassawi International Kazakh-Turkish University (Turkestan, Republic of Kazakhstan)

Malika Munasipova, Ph.D. (Econ.), Senior Lecturer, Financial Audit Department, Khoja Akhmet Yassawi International Kazakh-Turkish University (Turkestan, Republic of Kazakhstan)

Guldana Temirbayeva, MA, Lecturer at the Department of Management and Tourism, Khoja Akhmet Yassawi International Kazakh-Turkish University (Turkestan, Republic of Kazakhstan)


ABSTRACT

The global nature of international energy problems, their increasing politicization, as well as the objectively developed position of the Russian fuel and energy complex within the sphere of the world energy, have made the energy factor one of the key considerations of the Russian foreign policy. In the context of the deterioration of relations with the West, Russia needs other political and, more importantly, economic allies for further development of the State itself. For this very reason, the development of the Russo-Chinese energy interaction is perceived as one of the dominant tasks of the foreign economic priorities for Russia and, incidentally, determines the relevance for this work. In this context, the paper intends to study the current conditions and constructive prospects of the energy dialog between Russia and China. In addition, the article considers the main directions and problems of the interaction between the Russian Federation and the PRC, by examining the key aspect in their relationsenergy. The article notes that recently, the parties have reached a number of large-scale and long-term agreements in the energy sector. This allows for considering the evolution of the energy cooperation between the Russian Federation and the PRC to become an opportunity for reaching a qualitatively new level and achieving strategic significance.

Keywords: Russian Federation, Peoples Republic of China, energy security, geopolitics, energy cooperation.


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