Russia-China gas deal defeat for U.S. "policy of isolating Russia" - lawmaker
MOSCOW. May 21 (Interfax) - Wednesday's Russian-Chinese 30-year natural gas deal spells defeat for the United States' "policy of isolating Russia," a senior Russian lawmaker said.
China is to import up to 38 billion cubic meters of Russian gas a year under the deal between Russia's Gazprom [MOEX: GAZP] and China National Petroleum Corp (CNPC), signed in Shanghai.
"The 30-year gas contract with China is of strategic significance. [U.S. President Barack] Obama should give up his policy of isolating Russia - it won't work," Alexei Pushkov, head of the State Duma's International Affairs Committee, said on Twitter.
Gazprom chief executive Alexei Miller declined to quote to reporters the price of the gas to be sold to China but put the total cost of the gas to be imported by the neighboring country at about $400 billion.