Russia's Sechin says Taiwan will return to China 'on schedule'

Russia's oil chief is confident in China's ability to take control of Taiwan.

russia china 298.88 (photo credit: AP)
russia china 298.88
(photo credit: AP)

One of Russian President Vladimir Putin's closest allies, oil chief Igor Sechin, on Thursday heaped praise on China's leadership, quipping that Taiwan would return to its "native harbor" on time.

Sechin, the head of Russia's largest oil producer Rosneft ROSN.MM, also said that Saudi Arabia's position on the global oil market was "reasonable" and based on analysis of oil supply and demand.

Russia and China's tightened bond

Russia has moved to forge closer ties with Asia, especially energy-hungry China, to offset Western sanctions on Moscow over Ukraine.

Speaking at an international economic forum in Baku, previously held in Italy's Verona, Sechin said that decisions taken by the Chinese Communist Party's recent congress will provide a new level of development for the country.

"The position of (China's) leadership is highly respected, which calmly and openly, without false premises, sets out its positions, even on the most difficult issues, such as the problem of Taiwan, which in this regard can be assessed as somewhat exaggerated," Sechin said.

 A NAVY FORCE helicopter of China’s People’s Liberation Army takes part in military exercises in the waters around Taiwan, after US Speaker Nancy Pelosi’s visit there last month. (credit: China’s Eastern Theater Command/Reuters) A NAVY FORCE helicopter of China’s People’s Liberation Army takes part in military exercises in the waters around Taiwan, after US Speaker Nancy Pelosi’s visit there last month. (credit: China’s Eastern Theater Command/Reuters)

Sechin said US attempts to create its own complex microchip industry showed that "Taiwan's return to its native harbor" was "on schedule".

He also said that Rosneft has transferred $700 million in second-half 2021 dividends into special accounts for BP BP.L, which, he said, remained Rosneft's "shadow" shareholder despite a decision to leave the company following the start of what Moscow calls a "special military operation" in Ukraine.

BP has not immediately replied to a request for comment.