Putin unveils 10-year infrastructure plan of new railway lines and more connectivity with Asia

Russian President Vladimir Putin on Friday announced Russia’s ambitious plans for the next decade, focusing on massive infrastructure expansion, particularly in railroad transport. Speaking at a plenary session of Russia’s Railways meeting, Putin noted that the new railway lines including the Arctic and the Pacific ones, will help Russia link its already vast transport infrastructure to major logistics hubs in southern and eastern Eurasia. Putin also stressed the nation’s commitment to developing economic ties, especially with Asian nations, consisting 70% of trade turnover amid unprecedented sanctions from the West. With a 10% growth in exports to Asia and an over 50% rise to Africa, Russia aims to modernize key railway lines, including the Trans-Siberian railway, and improve port infrastructure in the Azov, Black, and Caspian Seas. Expanding the International North-South Transport Corridor (INSTC) is under discussion to link Murmansk and Mumbai for faster cargo transit. The Russian leader also mentions about creating an additional railway network in Russia’s far eastern regions, relieving the Trans-Siberian railroad and establishing a major logistical hub in the Urals and Siberia. __________________ ShanghaiEye focuses on producing top-quality contents. Nobody knows SHANGHAI better than us. Please subscribe to us ☻☻☻ __________________ For more stories, please click ■ What’s up today in Shanghai, the most updated news of the city ■ Amazing Shanghai, exploring the unknown corners of the city, learning the people, food and stories behind them ■ What Chinese people’s lives are like during the post COVID-19 period ■ Views of foreign scholars on China and its affairs ■ Foreign faces in Shanghai, people living in this city sharing their true feelings ■ Mini-docs showing why China is the country it is today __________________ ☎Leave us messages if you have any suggestions or questions! Thank you!