22:04 GMT23 July 2021
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    Russia, China and the Asian Infrastructure Investment Bank (AIIB) intend to discuss the issues of financing a joint highway project linking China with Europe via Russia, Russian First Deputy Prime Minister Igor Shuvalov said Monday.

    ST. PETERSBURG (Sputnik) — The AIIB was established in June 2015 in Beijing by 57 founding members from 30 countries. China, India and Russia received the largest share of votes on the board of directors.

    "We are going to discuss with the AIIB the possibility of funding the project called 'the Meridian.' As you know, it is a highway, which is set to link Western China to Western Europe," Shuvalov said at a meeting of the Russia-China committee of entrepreneurs.

    The Western Europe-Western China (WE-WC) Highway is expected to stretch from the Yellow Sea coast of China to the Baltic Sea at St. Petersburg, via Kazakhstan and Russia. The route's Kazakh section was approved in 2012 and is expected to be completed by 2017.

    In June, head of Russia's Federal Road Agency (Rosavtodor) Roman Starovoyt said that the Russian section of the project would be completed by 2020.

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    Tags:
    highway, Asian Infrastructure Investment Bank (AIIB), Igor Shuvalov, Europe, Russia, China
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