"The deal comes as a part of Russia’s larger-scale pivot to Asia and especially China as Western economies threaten sanctions over turmoil in Ukraine. Sanctions by the US and the EU have been mostly limited to visa bans and asset freezes on some of Russia’s top officials, while so far only threatening a so-called third round of real economic sanctions against Russian hydrocarbon businesses.
Just ahead of Putin's visit to Shanghai, Russian Prime Minister Dmitry Medvedev gave reassurance that the agreed price would be fair.
“One side always wants to sell for a higher price, while the other wants to buy for a lower price,” Medvedev said. “I believe that in the long run, the price will be fair and totally comparable to the price of European supplies.”" RT
The Chinese president spoke at the signing ceremony to suggest the creation of a Chinese/Russian security pact that would exclude the United States.
At the same time, the children around the table at Morning Joe express dismayed astonishment that such a thing could happen.
To paraphrase Mr. Jefferson I fear for my country when I meditate on the verdict that history will render on us. pl