Legal Mechanism of Risk Prevention and Control of China's Energy Investment in Russia

Energy investment is an industry strongly influenced by geopolitical factors. The conflict between Russia and Ukraine has caused turmoil in global energy markets. Against this backdrop, China's overseas energy investments face challenges such as nationalization risks, military risks and pressure to improve the country's energy structure. As the largest importer of oil and gas, China should prioritize energy security as a development strategy. An important aspect of energy security requires the establishment and improvement of legal mechanisms to protect energy investment, but the current legal framework for foreign energy investment is still in the stage of investment treaties between countries, and some of the contents are outdated, contradictory and fragmented. In addition, China has problems including but not limited to complex energy investment disputes, so it needs a comprehensive legal mechanism to regulate energy investment and update some bilateral treaties. At the same time, China also needs to improve the overseas investment insurance system.