Ensuring coherence between China’s “Belt and Road” initiative and Eurasian Economic Union Project

Abstract

The article examines the transport development of the intracontinental spaces of Eurasia and their interrelations with the Belt and Road initiative and the activities of the EAEU in infrastructure construction. The emergence of the Initiative is due to several large-scale global economic processes, such as the shift of the center of world production to Asia, China’s leading role in the global economy, its desire to form a different, more equitable model of world economic relations, the growth of geopolitical, transport and economic dynamics of intra-continental events. The central element of the Initiative is China’s willingness to finance local infrastructure projects in which there is a common interest. The integration project is focused on the state sovereignty of the participating countries, the transformation of the EAEU into a dynamically developing region of Eurasia, and the economic attraction for third countries. The EAEU sees the creation of a modern communications infrastructure (the Eurasian transport framework) as the main prerequisite for achieving these objectives. One of the important results of the conjugation of the mega-project and the activities of the EAEU has been a multiple increase in trade and transport communications between China and the EAEU countries. The implemented, ongoing and recommended projects of international transport corridors ensure the permissive effect of intra-continentality and a wider use of the advantages of the Central Eurasia position for the development of the countries of Central Asia, Western China and the Siberian regions of Russia.