Politics, not market forces, dictates the energy relationship between Russia and China. This report argues that both nations view energy as a strategic asset, vulnerable to external threats, and approach its management with a statist, and in Russia's case, even patrimonial, mindset. Consequently, despite Russia's desire to sell and China's to buy, genuine cooperation is hindered by these underlying political and security considerations that shape their respective energy policies.

This report is likely to be regarded as a focused analysis for specialists in international relations and energy policy. Its argument centers on the primacy of political considerations over market dynamics in shaping bilateral energy ties. The work suggests that a deep understanding of each nation's strategic energy objectives and governance approaches is crucial for comprehending the complexities of their relationship. The analysis implies that while trade opportunities exist, political will and security perceptions will ultimately dictate the extent of cooperation.