According to Mr. Savrassov (Phoenix CRetro), the introduction of catastrophe bonds can take the risk off government balance sheets in BRI nations.
Turkmenistan is home to many connectivity projects for both energy and transport. The BRI will accelerate the realisation of those corridors.
On July 30, were inaugurated the 4th Silk Road International Cultural Expo and the 9th Dunhuang Tour-Silk Road International Tourism Festival in Gansu.
A new road will soon connect Europe to Asia. In June 2019, Russian Prime Minister gave his approval for the construction of a new 2,000 km highway.
Xi Jinping continued his journey in Central Asia and stopped in Dushanbe to participate at the 5th CICA Summit, and develop cooperation with Tajikistan.
Before attending the 19th SCO summit, president Xi Jinping met wth Kyrgyz president Jeenbekov in Bishkek to develop strategic partnership.
Although China plays a leading role in this initiative, other countries such as Pakistan and Russia are more and more involved in the BRI.
Switzerland to sign a MoU about the Belt and Road Initiative, to actively participate in the realization of the new Silk Roads.
Nippon Express, one of the five largest logistics companies in the world, inaugurated its first journey from China to Europe on December 20, 2018. This first freight train is expected to connect Xian in China to Duisburg in Germany in just 18 days.
On September 27, 2018, the first Geocultural Forum was held in St. Petersburg. This event aimed at strengthening cultural exchanges between Russia, Central Asia and China. This event organized by “Dialogue of Civilizations” was sponsored by China Soong Ching Ling Foundation and the University of Saint Petersburg.