Azerbaijan news

$ 600 billion plan to destroy China – PHOTO |

Seven of the world’s largest economies are preparing to take action against a project by the Beijing administration that goes beyond Turkey. At the G7 summit in Germany, a $ 600 billion plan was drawn up against China’s “One Belt, One Road” project announced in 2013.

Haber 7 news It is planned to create a special fund in this regard.

USA Presidents Co Biden stated that the plan will bring benefits to everyone. He stated his position on the issue: “I want to be specific. This is not charity or charity. This is an investment that will benefit everyone. “

In this context, it is planned to finance infrastructure projects in middle and low-income countries. 600 from G7 countries in the next 5 years billion dollars is expected to be collected. The United States through grants, federal funds, and private investment 200 billion dollars allocated aid. Europe Union 300 to the project billion euro funds separated. Accordingly, some of the notable steps in the plan include a solar power project in Angola, a vaccine plant in Senegal, and a 1,609-kilometer underwater telecommunications cable connecting Singapore to France via Egypt and the Horn of Africa.

In this context, it is planned to finance infrastructure projects in middle and low-income countries. 600 billion from G7 countries in the next 5 years dollars is expected to be collected. The United States through grants, federal funds, and private investment 20Has allocated $ 0 billion in aid. Europe The union has 300 billion euros for the project funds separated. Accordingly, some of the notable steps in the plan include a solar power project in Angola, a vaccine plant in Senegal, and a 1,609-kilometer underwater telecommunications cable connecting Singapore to France via Egypt and the Horn of Africa.

Europe The chairman of the Union Commission, Ursula von der Leyen, said the project, first announced at the G7 Summit in the UK last year, was aimed at “showing emerging partners that they have a choice”.

Shipped from China to Europe with the “One Belt One Road” project 10 96 percent of the million containers are by sea, and 4 percent by the Trans-Siberian Railway, known as the Northern Corridor way carried out by the line. Compared to the Northern Corridor, the Central Corridor (Of Azerbaijan including the South Caucasus – Central Asian Corridor) 2000 kilometers shorter, cheaper and more favorable in terms of climatic conditions. Therefore, this corridor is the sea way will reduce shipping time by a third compared to the previous year and ensure that products arrive at their destination 15 days earlier. (paralel.az)

latest news



Azerbaijan news

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button