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Russian, Chinese leaders discuss ‘coupling’ EAEU, Silk Road trade initiatives

Date: 20 November 2016 12:46

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Baku, November 20 AZERTAC 

Russian President Vladimir Putin and China’s leader Xi Jingling spoke of how to connect Russia’s Eurasian Economic Union to China’s Silk Road Economic Belt, at a meeting in Lima, Putin’s spokesman said, according to Sputnik.

"The leaders spoke in favor of boosting cooperation with the APEC," Dmitry Peskov told reporters on the margins of the Asia-Pacific economic summit in Peru. "The leaders spoke in detail about the schedules of their future high-level contacts, discussed how to couple the EAEU and Silk Road projects."

The EAEU is a Russia-led regional economic union that aims to tear down trade barriers between its members, namely Russia, Kyrgyzstan, Armenia, Belarus, and Kazakhstan.

China has been spearheading its own economic area, which was proposed by President Xi in 2013. It will facilitate the direct flow of goods from the Pacific Ocean to the Baltic Sea. The project is intended to connect China with Europe and strengthen economic ties between Asia, Europe and the Gulf states.


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