Russia and China have signed their biggest gas pipeline deal yet, defying Western sanctions and reshaping global energy dynamics. Gazprom confirmed a legally binding agreement to build the long-anticipated Power of Siberia 2 pipeline, which will supply 50 bcm of gas annually from Russia’s Yamal fields to China via Mongolia. For Putin, this is a major win after Europe cut dependence on Russian gas following the Ukraine invasion. While pricing remains unsettled, the deal signals Moscow’s pivot to