Emancipation reform of 1861 business. The Manifesto prescribed that peasants would be able to buy the land from the landlords. Household serfs were the least affected: they gained only their freedom and no land. In Georgia the emancipation took place later, in 1864, and on much better terms for the nobles than in Russia. The serfs were emancipated in 1861, following a speech given by Tsar Alexander II on 30 March 1856. State owned serfs, i.e. the serfs living on Imperial lands, were emancipated later in 1866. Prior to 1861 Russia had two main categories of peasants: with only those owned privately considered to
Natural gas in Russia of oil, making the deal closer to what Russia had wanted than to what China had been asking for. The total value of the deal was estimated at US$400 billion. It will increase Russian exports to countries not part of the former Soviet Union by 25% and make China the country's 2nd largest customer, after Germany. The agreement was reached as Chinese and Russian leaders met to discuss greater cooperation in Asia without involvement of Western powers. It was seen as an important political and economic victory for Russian President Vladimir Putin. It allows Russia to diversify its natural business