THE SILK ROAD ECONOMIC BELT AND THE EEURIVALS OR PARTNERS?

WANG Shuchun, WAN Qingsong


Wang Shuchun, D.Sc. (Law), Professor, Director of the Law School at Guangdong University of Foreign Studies (Guangzhou, PRC)

Wan Qingsong, Ph.D. Candidate at the Faculty of Russian Language Studies, Guangdong University of Foreign Studies (Guangzhou, PRC)


ABSTRACT

Eurasia is attracting more attention around the world than ever before. The leading powers are offering a variety of different Eurasian integration projects, among which special mention should be made of Russias Eurasian Economic Union and Chinas Silk Road Economic Belt. Although they cover a large geographical area and are similar in many ways, these projects do not compete with each other since China and Russia have come to an agreement. Both countries are showing a certain willingness to cooperate, which has positive prospects.

China should take gradual and purposeful steps to bring its initiative to fruition.

Keywords: Silk Road Economic Belt, Eurasian Economic Union, Russia, China, promising areas of cooperation.

Introduction

In the fall of 2011, the newspaper Izvestia published an article by Vladimir Putin (who was Russian Prime Minister at the time) about establishing a Eurasian Economic Union (EEU) on the basis of the Customs Union and Common Economic Space of Russia, Belarus, and Kazakhstan. He noted that this union, which could later become one of the poles in the modern world and.


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