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China’s envoy to Russia says Silk Road, Eurasia Union should advance together

May 29, 2015, 12:38 UTC+3 MOSCOW
China’s integration project aims to revive the ancient Silk Road and build a transport, energy and trade corridor between Europe and Asia
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© ITAR-TASS/Yuri Smityuk

MOSCOW, May 29. /TASS/. China’s ambassador to Russia has said combining Beijing's plan to create a modern Silk Road East-West trading route alongside Moscow’s wish to develop the Eurasian Economic Union is a top priority for economic cooperation between the two countries.

"I see the main task of our cooperation in combining development of the Silk Road economic belt and the Eurasian Economic Union," Li Hui told an international conference entitled Russia and China: Partnership in a Changing World.

"Other priority spheres include safeguarding the outcomes of World War Two and the post-war order and building a fairer world order," he added.

The new Russia-led political and economic bloc - the Eurasian Economic Union - started operating in January, replacing the Eurasian Economic Community, which officially ceased to exist in October. The union includes Russia, Belarus, Kazakhstan, Armenia and Kyrgyzstan.

The treaty was signed by the presidents of Russia, Kazakhstan and Belarus in May last year. It establishes the union ensuring free movement of goods, services, capital and labour and binds its member states to conduct co-ordinated or common policy in economic sectors.

China’s integration project aims to revive the ancient Silk Road and build a transport, energy and trade corridor between Europe and Asia.

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