It’s a project that could cut the transport time between Asia and Europe in half.
Russian President Vladimir Putin has praised his Chinese counterpart Xi Jinping while calling on countries from South America to Africa to invest in a new sea route through the Arctic, which could slash shipping transport times between Asia and Europe in half.
But the Arctic route is currently only open two months of the year and would need massive ice breaking and infrastructure development to make it navigable. Xi used the opening of the Belt and Road Forum to amplify his calls to world leaders mostly from developing countries to resist restrictions by the Western-led international order.“We stand against unilateral sanctions, economic coercion and decoupling and supply chain disruptions,” Xi said. “Ideology confrontation, geopolitical rivalry and bloc politics are not a choice for us.
The message resonated among the partners presented. Kazakhstan’s President Kassym-Jomart Tokayev said: “I am convinced that under the wise leadership of President Xi Jinping, China in the new era will create even more glorious achievements and make even more cooperation outcomes.” Prime Minister Abiy Ahmed Ali of Ethiopia said that China’s plans across the infrastructure and mining sectors were in harmony with Africa’s development strategy. “The continent that has been sidelined until now is harnessing the demographic dividend leveraging its natural dominance in resources,” he said.
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