Diplomat says US sanctions may destroy prospects for better relations with RussiaRussian Politics & Diplomacy July 26, 10:08
Survey suggests Russians showed little interest in Nemtsov murder caseSociety & Culture July 26, 8:33
Military aviation deployed in Kazakhstan and Russia's Siberia ahead of Soyuz launchScience & Space July 26, 7:21
US denies arms supplies to Ukraine — State Department spokespersonWorld July 26, 7:12
UN Security Council blocks statement condemning attack on Russian embassy in DamascusWorld July 26, 4:27
Russia looks into its citizen’s removal from domestic US flightWorld July 26, 3:43
US House of Representatives passes bill to toughen sanctions on RussiaWorld July 26, 1:09
Diplomat blasts US media reports on Russia's alleged arms supplies to TalibanRussian Politics & Diplomacy July 25, 21:39
Putin, Iraqi vice-president discuss possible supplies of T-90 tanksMilitary & Defense July 25, 21:18
"We should prepare timetables and road maps for the coming years for the 'One Belt and One Road' project," Xinhua quoted Chinese President Xi Jinping as saying at the eighth meeting of the Central Leading Group on Financial and Economic Affairs.
China will focus on significant projects and let the construction of 'One Belt and One Road' commence as soon as possible, the president said, adding that the cooperation with the countries involved would be mutually beneficial.
Beijing will help partner countries with infrastructure projects, including transportation network, electricity facilities and telecommunications, Xi told the meeting.
The Asian Infrastructure Investment Bank (AIIB), which is expected to begin operations by late 2015, and the Silk Road Fund should play an important role in financing these projects, the Chinese leader said.
The Silk Road Fund will be set up and funded by China with the aim of directly supporting the construction of "One Belt and One Road." No further details have been revealed.
The Chinese president proposed creating the Silk Road Economic Belt during the visit to Kazakhstan in September 2013. The goal of the project is to strengthen economic links and cooperation to expand development of Eurasian states. The zone runs from China to Europe via Central Asian countries and Russia.
In October 2013, Xi proposed a similar project for developing cooperation with the countries of West, South and Southeast Asia and also East Africa and Europe called the 21st Century Maritime Silk Road.