VLADIVOSTOK - China's Belt and Road Initiative can benefit Russia, an economics expert saidin a recent interview with Xinhua.
Oleg Timofeyev, associate professor with the Department of Economics and Management at theState University of Management, said by implementing the project with China, Moscow will beable to expand its international influence and reduce the effect of sanctions imposed by Westerncountries.
Russia and China signed a joint declaration on May 8, 2015, integrating the developmentprojects of the Eurasian Economic Union and China's Silk Road Economic Belt.
Timofeyev said China's northeastern provinces are now actively promoting the Maritime SilkRoad to gain access to the seaports of the Russian Far East.
To accomplish it, "huge investments are needed to build the road corridor connecting Poltavka inRussia's Primorsky region and Dongning in China's Heilongjiang province, a high-speed railwayand highway between Russia's Far Eastern city of Vladivostok and the Chinese city of Suifenhe,and the necessary infrastructure at Vladivostok's port," said Timofeyev.
The initiative of the "Silk Road Economic Belt and the 21st Century Maritime Silk Road" was putforward by the Chinese government in 2013 to connect the economies of countries in Asia,Europe and Africa.
Contact us
For further queries, please do not hesitate to contact ATAHK at anytime, anywhere by simply calling China hotline at 86-755-82143422, 86-755-82143512, or emailing to anitayao@citilinkia.com