Russia’s Sechin says Taiwan will return to China ‘on schedule’ By Reuters


© Reuters. FILE PHOTO: Chief Govt of oil producer Rosneft Igor Sechin attends a gathering with Russian President Vladimir Putin on the Novo-Ogaryovo state residence outdoors Moscow, Russia February 15, 2021. Sputnik/Mikhail Klimentyev/Kremlin by way of REUTERS/File Phot

By Nailia Bagirova and Olesya Astakhova

BAKU (Reuters) -One in all Russian President Vladimir Putin’s closest allies, oil chief Igor Sechin, on Thursday heaped reward on China’s leaders, saying that Taiwan would return to its “native harbour” on time.

The deepening “no limits” partnership between the rising superpower of China and the pure assets titan of Russia is without doubt one of the most intriguing geopolitical developments of latest years – and one the West is watching with anxiousness.

Sechin, the pinnacle of Russia’s largest oil producer Rosneft, stated that selections taken by the twentieth Communist Occasion Congress, which cemented Xi Jinping place as essentially the most highly effective Chinese language chief since Mao Zedong, would offer for a brand new degree of improvement for the nation.

“The place of (China’s) management is very revered, which calmly and brazenly, with out false premises, units out its positions, even on essentially the most troublesome points, equivalent to the issue of Taiwan, which on this regard may be assessed as considerably exaggerated,” Sechin stated.

Talking at a global financial discussion board in Baku, beforehand held in Italy’s Verona, Sechin stated U.S. makes an attempt to create its personal advanced microchip business confirmed that “Taiwan’s return to its native harbour” was “on schedule”.

China claims self-ruled Taiwan as its personal territory and has ramped up navy and political strain in opposition to the island over the previous two years. Taipei strongly rejects Beijing’s sovereignty claims and vows to defend its freedom and democracy.

Russia has repeatedly warned america in opposition to meddling in China’s affairs whereas President Vladimir Putin has explicitly backed Xi over the destiny of the island the place the defeated Republic of China authorities fled in 1949 after dropping the Chinese language civil struggle to Mao’s communists.

BP (NYSE:)’S DIVIDEND

Turning to Rosneft, Sechin stated the corporate had transferred $700 million in second-half 2021 dividends into particular accounts for BP, which remained Rosneft’s “shadow” shareholder regardless of a call to go away the corporate following the beginning of what Moscow calls its “particular navy operation” in Ukraine.

BP stated its place on Russia has remained unchanged.

“In February we introduced our resolution to exit Rosneft and our different Russian companies – we proceed to pursue that,” it stated in emailed feedback.

Sechin additionally stated that Saudi Arabia’s place on the worldwide oil market was “affordable” and primarily based on evaluation of oil provide and demand.

The US, he stated, had tried to steer Saudi Arabia to postpone oil output cuts as a part of OPEC+.

“In the present day, the vitality coverage of the (Joe) Biden administration is fixing completely pre-election duties with a planning horizon of two weeks, provided that the elections to the U.S. Congress are on November 8,” Sechin stated.

“This contains makes an attempt to steer Saudi Arabia to no less than postpone the announcement of this resolution till the elections.”

The OPEC+ group of worldwide main oil producers, which incorporates Saudi Arabia and Russia, agreed this month to chop its mixed output by 2 million barrels per day regardless of opposition from america, which desires decrease gas costs.

Saudi Arabia rejected criticism of an OPEC+ resolution to chop its oil manufacturing goal regardless of U.S. objections and stated that Washington’s request to delay the minimize by a month would have had unfavourable financial penalties.

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