Such news is probably not something the Chinese government wanted to hear … especially when they are pushing for such a pipeline.

In a joint statement, both leaders stated that they "shared the view that the construction of a pipeline to the Pacific coast is important from the standpoint of the development of Eastern Siberia and Russian Far East, effective use of energy resources in the region and stable energy supply in the Asia-Pacific region."

However, the joint statement also stated, "Russia would decide whether to ratify the treaty after assessing its impact on the economy."

This news comes on the back of a statement made by Japanese Trade Minister, Shoichi Nakagawa, which stated that Japan would provide financial assistance to Russia to help build the pipeline as the pipeline.

The Nakhodka pipeline, which would cost an estimated US$4 billion to US$5 billion, almost suffered a setback when Russia and China signed a declaration to strengthen ties in the oil and gas sector. The declaration also covered the construction of the rival Russia to China pipeline.