Chinese Silk Road Belt a Partnership Project for Russia
World Economy

Chinese 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.

Short URL : https://goo.gl/UsXBK7
  1. https://goo.gl/RGIQl4
  • https://goo.gl/C4CgLa
  • https://goo.gl/yjSQDk
  • https://goo.gl/R99zd7
  • https://goo.gl/JalNAN

You can also read ...

The 2017 “WannaCry” cyber attack demanded affected users wire ransom money via Bitcoin.
You don’t have to be a digital whizz kid to know that the wars...
A woman protests a planned coal-fired plant  in southern Thailand.
Southeast Asian governments are finding themselves caught...
Singapore to Hike GST for First  Time in Decade
Singapore is expected to raise goods and services tax for the...
Malaysia has shown willingness to move towards  a market-oriented mechanism.
Forty-three World Trade Organization members who participated...
South Africa Wants to Increase VAT Rates
With an economic downgrade to junk status, a slowly growing...
62% of Japan Loan Rate  Below 1%
After two years of the Bank of Japan guiding key interest...
Fitch Upgrades Greece
Fitch Ratings raised Greece’s sovereign credit rating by one...
China’s Commerce Ministry says the proposed US measures are groundless.
China said proposed US tariffs on imported steel and aluminum...