Heads of Russia, China to Discuss Silk Road Economic Belt in May

Russian First Deputy Prime Minister Igor Shuvalov said that the
prospects of Russia-China cooperation in the implementation of the
Silk Road Economic Belt project will be discussed by the heads of the
two countries during a visit of Chinese President Xi Jinping to Moscow
in May.

MOSCOW (Sputnik) – The prospects of Russia-China cooperation in the
implementation of the Silk Road Economic Belt project will be
discussed by the heads of the two countries during a visit of Chinese
President Xi Jinping to Moscow in May, Russian First Deputy Prime
Minister Igor Shuvalov has announced.

“We announced this [plan] today and said that we will cooperate with
China and other countries on the construction of the Silk Road
Economic Belt,” Shuvalov said in a Saturday interview with the Russian
Rossiya 24 TV channel, adding that the project will undoubtedly create
new investment opportunities for Russia.

According to the deputy prime minister, talks on the project will be
held in May and in June, during the St. Petersburg International
Economic Forum.

“This format is suggested to be discussed on the political level, and
our leaders will definitely discuss this topic on May 8, in Moscow,”
Shuvalov said.

The Silk Road Economic Belt stipulates the implementation of multiple
energy and infrastructure projects in various countries, including the
construction of new railroads, highways and industrial parks that will
start in the coming years. This will facilitate the flow of goods from
the East to the West on preferential terms.

“All counties willing to participate could be included, they are being
included in this cooperation so that a variety of infrastructure and
economic possibilities are created for the participants of the
business project,” Shuvalov said, adding that the Silk Road Economic
Belt will create new opportunities together with the Eurasian Economic
Union (EEU).

The EEU is an international organization aimed at regional economic
integration. The union facilitates the free movement of goods,
services, capital and labour on the territories of its member states.

Current EEU member countries include Russia, Armenia, Belarus and
Kazakhstan, with Kyrgyzstan expecting to obtain membership shortly.

The Silk Road Economic Belt project was initiated by Chinese President
Xi Jinping in 2013 seeking to boost cooperation between China and
Central Asia. The Silk Road projects, numbering in the hundreds, will
be implemented in several regional states, including Kazakhstan,
Kyrgyzstan, Tajikistan and Pakistan.

From: Emil Lazarian | Ararat NewsPress

http://sputniknews.com/politics/20150329/1020153521.html#ixzz3VkXit13C

Disclaimer: This article was contributed and translated into English by Emil Lazarian. While we strive for quality, the views and accuracy of the content remain the responsibility of the contributor. Please verify all facts independently before reposting or citing.

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Emil Lazarian

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