Putin seeks major oil and gas deal in China amid yuan settlement push

In a recent trip to China, Russian President Vladimir Putin is following closely behind US President Donald Trump to discuss a significant energy agreement. The negotiations are intended to bolster Russia's economy through heightened oil and gas exports to its primary energy consumer. Nevertheless, China has its own objectives, such as minimizing dependence on a single supplier and transitioning away from the US dollar by conducting transactions in yuan. Challenges persist, including the impending reimposition of US sanctions and the risk of Ukrainian drone strikes targeting Russian energy facilities. The results of these discussions are unclear, with uncertain chances for a conclusive oil deal.