First cargo on ‘New Silk Road' avoiding Russia leaves Ukraine for China - watch on -
Business20:05 Jan. 15, 2016

First cargo on ‘New Silk Road' avoiding Russia leaves Ukraine for China

A route called the 'Silk Road', linking Asia and Western Europe and bypassing Russia 

This is dubbed the ‘New Silk Road' - connecting Ukraine and Asia without going through Russia.

The first cargo ship departs the Black Sea port of Illichivsk near Odesa. On it, a dozen containers bound for Georgia, Azerbaijan, Kazakhstan and eventually China. This is modern transportation on an ancient route – and there's hope this transcontinental link can boost Ukrainian exports.

Read also Freight train from Ukraine to Central Asia via Georgia, Azerbaijan to depart on Jan 15

Ukraine's Minister for Infrastructure, Andriy Pyvovarsky: "We are opening a new way from Europe to China and a new way for Ukrainian goods to reach those markets where we have always been very strong - Kazakhstan, Georgia, Azerbaijan - those markets to which access is now temporarily restricted due to restrictions introduced by Russia for the transit of Ukrainian goods to the other countries."

Read also New Silk Road: Turkey, China to deliver goods to Europe bypassing Russia 


(UNIAN Photo)

By bypassing Russia, the entire route to China is two times shorter – at just 5,400km. It takes 11 days to fully traverse. It's hoped Ukrainian food, agricultural products and other general cargo could specially benefit. But there's already bigger plans down the line.

Hennadiy Zubko Ukrainian Vice Prime Minister: "A very important issue is the import of light oil and liquefied natural gas. This gives us the opportunity today to diversify the supply of energy resources to Ukraine. This gives us the opportunity to look into the future as a big transit country that can supply its own goods, import goods and can be a reliable transit party for the European countries from the Asian countries."

Read also Russia blocks transit of Ukrainian goods

Last year, the EU and China were more lucrative for Ukraine than the Russian market. With the current reciprocal trade bans enforced, its hope the New Silk Road could develop to put exporters on the path to success.

comments powered by Disqus


Business16:58 May. 31, 2016
Paris to hand over first Russia's Mistral to Egypt on June 2
Business13:21 May. 31, 2016
Ukraine-Canada business forum to kick off in Toronto in June
Business19:28 May. 30, 2016
Ukraine's transit to bypass Russia
Business14:06 May. 30, 2016
Ukraine won't build Khmelnytsky nuclear power plant together with Russia
Business11:17 May. 30, 2016
TASS: Russia offers no gas discount to Belarus
Subscribe to receive regular email updates about Ukraine and Eastern Europe