The Kremlin is attempting to extend its sphere of influence or at least good will. Interestingly we note that perhaps in the not far-off future, Japan and China will have to compete for scarce energy needs.
seems like a win win all around . . . at this time.
With the market so hated, we have a favorable view of Gazprom and Rosneft at what are firesale prices.
http://www.iht.com/articles/2009/02/18/business/gas.php
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