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Chinese Silk Road Belt a Partnership Project for Russia

Chinese Silk Road Belt a Partnership Project for RussiaChinese Silk Road Belt a Partnership Project for Russia

The Chinese Silk Road Economic Belt is not a competitor, but a partnership project for Russia, country’s Prime Minister Dmitry Medvedev said Saturday.

“The project of the the Silk Road belt is in no way a competitor for us, to some extent it is a partnership project, which we have agreed with our Chinese counterparts. We have agreed that we will try to combine the possibilities of that project, as well as the opportunities that are open due our common market with Kazakhstan, Belarus, Kyrgyzstan and Armenia [members of the Eurasian Economic Union], “ Sputnik quoted Medvedev as saying.

Medvedev expressed hope that the project would be beneficial for every member state of the Eurasian Economic Union.

China’s Silk Road Economic Belt is a government economic development framework announced in 2013 for primarily integrating trade and investment in Eurasia on favorable conditions.

During the July Shanghai Cooperation Organization summit in Russia’s Ufa, Chinese Vice Minister of Foreign Affairs Cheng Guoping said that integration between China’s Silk Road Economic Belt and the EEU would give a positive impulse to the economic cooperation between all the SCO member states.

The SCO is an international alliance comprising Russia, China, Kazakhstan, Kyrgyzstan, Tajikistan and Uzbekistan.

Financialtribune.com