• 2016 November 11

    Denis Manturov, RF Minister of Industry and Trade

    On significance of the Silk Road Economic Belt

    - Russia highly appreciates the initiative of China on the Silk Road Economic Belt. The project is actually about the new approaches to cooperation of China with the countries of the Eurasian Economic Union, implementation of large scale infrastructure projects, simplification of trade rules and strengthening of cooperation through different financial institutions. I am sure, the Silk Road Economic Belt and the Eurasian Economic Union will complement each other. The junction of these two projects means the transition to the new level of partnership and, actually, means the creation of a common economic space on the continent. Efficient coordination of cooperation formats will contribute to establishing a closer partnership between Moscow and Beijing. The development of bilateral trade and economic cooperation will be additionally facilitated through the transition to payments in national currencies and creation of a free trade zone.

    From the Ministry’s press center.

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