China and Russia will invest a total of US $3billi

2022-10-23
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China and Russia will invest a total of US $3billion to jointly build the largest port in Northeast Asia

China and Russia will invest a total of US $3billion to jointly build the largest port in Northeast Asia

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according to Xinhua news on October 13, recently, China and Russia reached an agreement to jointly build the largest port in Northeast Asia Zarubino port in the Far East of Russia, which is far from meeting the huge demand of the domestic market. Experts believe that this move is not only conducive to accelerating the construction of channels for regional cooperation in Northeast Asia, but also in line with Russia's strategic vision of restarting the Arctic "golden waterway"

at the CICA summit held in Shanghai in May this year, Jilin Province signed a framework agreement with Suma group, the largest Russian port operator, to cooperate in the construction of Zarubino universal port, which plans to build this port, 60 kilometers away from Hunchun port in Jilin Province, into an important international freight port focusing on container transportation

Alexander Lalin, a senior researcher at the Far East Institute of the Russian Academy of Sciences, pointed out that Russia and China have good prospects for cooperation in developing the Northeast channel. The two sides can consider cooperating to build a supply port for the Northeast channel, jointly set up sea ice and climate observation stations, and attract Chinese investment to participate in infrastructure construction in the Arctic region

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