Russia and China have signed a 30 year gas deal worth $400bn. They have also agreed to deal in local currencies and bypass the dollar.
Russia signs 30-year deal worth $400bn to deliver gas to China | World news | theguardian.com
Russia, China sign deal to bypass U.S. dollar | Al Jazeera America
The Chinese have managed to get it at a cheaper price than what the Russians wanted.
In addition, the Russians will also be helping the Chinese develop a long distance Airliner to compete with Airbus and Boeing.
Putin looks to improve China relations amid rising tensions with the west | World news | theguardian.com
It will be interesting to see how Europe and the US react to this.