This massive new Russia-China project will have huge impact on world episode artwork

EPISODE · Sep 24, 2025 · 38 MIN

This massive new Russia-China project will have huge impact on world

from Geopolitical Economy Report · host Ben Norton

Donald Trump wants to use tariffs to force countries to buy more US oil and natural gas. Instead, China and Russia signed a deal to build the massive Power of Siberia 2 pipeline, which could transform the global energy market. Russia is integrating with Asia, while Europe faces a crisis that is devastating its manufacturing sector. Political economist Ben Norton explains. VIDEO: https://www.youtube.com/watch?v=n6wtK8Hrpl4 Topics 0:00 Close China-Russia relations 1:28 Power of Siberia 2 pipeline 3:23 Dedollarization 4:04 Europe boycotts Russian energy 5:28 Nord Stream pipeline sabotage 6:28 (CLIP) Trump on Nord Stream & US energy 7:06 Crisis in Europe 9:14 Russia integrates with Asia 10:13 Russia tried to join the West 11:03 NATO expansion 11:47 Ukraine coup & war 13:26 Russia's trade with China 14:16 De-dollarization 14:43 Trump's tariffs 17:01 Why Trump hit India with tariffs 18:22 (CLIP) Trump on US oil & gas 18:34 USA: #1 producer of oil & gas 19:17 Weaponizing energy 19:46 China's natural gas imports 22:11 China & Russia: long-term partnership 23:22 Colonial Monroe Doctrine & oil 25:02 China's oil imports 25:41 Trade chokepoints 27:04 Europe becomes US vassal 28:17 (CLIP) Trump boasts of imposing EU deal 28:55 EU imports of oil & gas 30:38 Deindustrialization of Europe 31:16 EU prosperity depended on China & Russia 31:50 (CLIP) Ex EU foreign policy chief Josep Borrell 32:35 Germany's "existential" industrial crisis 34:15 China's car manufacturers & electric vehicles (EVs) 36:44 Europe loses out as Asian Century advances 37:40 Outro

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