Over the course of implementation of “One Belt, One Road” project, there is an opportunity to reduce dependence on the U.S. dollar and increase the role of national currencies of Eurasian states, according to an expert of the Russian Council for International Affairs, chief economist at Eurasian Development Bank, Yaroslav Lisovolik.
On May 14-15, Russian President Vladimir Putin took part in “One Belt, One Road” forum held in China. In 2013, People’s Republic of China announced the economic development strategy under the name of “One Belt, One Road”, aimed at creating infrastructure and establishing ties between the countries of Eurasia.
The strategy includes two major areas: economic zone of the Silk Road and Maritime Silk Road. The matter concerns the establishment of a trade corridor for direct delivery of goods from East to West on favorable terms.
