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Russian energy giant Gazprom is currently negotiating a long-term agreement with China to supply it with an annual 38 billion cubic meters of natural gas.
Russian Energy Minister Alexander Novak announced the switch to advance payments for gas supplies to Ukraine starting in June.
In Moscow, a military convoy was followed by 69 upgraded aircraft and helicopters of the Russian Air Force flying above Red Square.
Chinese Vice Premier Zhang Gaoli held preparatory talks with his Russian counterpart Igor Shuvalov in Beijing.
Even as the US and EU try to isolate Russia on the Ukraine issue, Beijing has been cementing its business ties with Moscow.
On completion of the deal, OIL will be able to book 50 per cent of production and reserves from Licence 61.
Ukraine's security services said 30 "heavily armed" militants had been killed in recent days as part of the "anti-terrorist" operation in the region.
New submarines will join the Black Sea fleet, as well as new-generation surface ships, this year, said the Russian Defense Minister.
Firms from both the countries will participate in construction of a $1.3 billion transport corridor to Crimea via the Black Sea’s Kerch Strait.
Beijing has also indicated its support to Moscow on the issue saying a “historical” perspective is necessary.
