putin xi jinping.JPG Dmitri Lovetsky/Pool via Reuters

Russian President Vladimir Putin and Chinese President Xi Jinping finalized a new energy deal that includes an oil pipeline connecting the two countries.

The pipeline is one of a number of developments that show Beijing and Moscow moving closer together amid more contentious relations with the US under President Donald Trump.

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Last week, Russian President Vladimir Putin and Chinese President Xi Jinping finalized a new energy deal in which a giant oil pipeline will connect the two countries.

The deal is being called the Power of Siberia. It’s expected to boost political and economic ties between Russia and China.

The pipeline reflects Moscow’s attempts to pivot to the East to try to mitigate pain from Western financial sanctions imposed over its 2014 annexation of Ukraine’s Crimea.

Livia Paggi specializes in political risk for GPW, a consulting firm in London. She spoke to The World’s host Marco Werman about how the pipeline could shape Russia-China relations — and what their alliance means for global politics.

Russia and China’s new oil pipeline shows how Trump’s foreign policy is pushing the US’s 2 biggest rivals together

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