The Silk Road: consequences for the Eurasian Economic Union and European Union

Abstract

The article discloses possible consequences of the Chinese project of creating the Silk Road Economic Belt for the Eurasian Economic Union and European Union with recommendations for Russian authorities on conducting the policy that would allow to utilize Chinese investments for development of Russian transport infrastructure and entrepreneurship on adjacent territories. The author concludes that realization of the project could lead to expansion of Chinese trade to the EU states, in particular by means of creation and modernization of enterprises in the Eastern and Central Europe.

Keywords

• transport routes
• investments
• project
• custom duties
• competition
• free trade zone