Russia’s president pursues dream of new ‘Silk Road’ passing through North Korea into the South en route to Europe during Seoul visit
Russian President Vladimir Putin was in South Korea on Wednesday to push a pet project for a new major trading route linking Asia and Europe by rail that requires prying open North Korea.
Putin hopes his brief visit will include the signing of a memorandum of understanding on the ambitious project, which envisages an ‘Iron Silk Road’ uniting the rail networks of South and North Korea and connecting them to Europe via the Trans-Siberian Railway. Continue reading
Russia last month completed the first land link that North Korea’s Stalinist regime has allowed to the outside world since 2003. Running between Khasan in Russia’s southeastern corner and North Korea’s rebuilt port of Rajin, the 54-kilometer rail link is part of a project President Putin is pushing that would reunite the railway systems of the two Koreas and tie them to the Trans-Siberian Railway.
That would give Putin partial control over links to European train networks 8,000 kilometers (5,000 miles) away. The route is as much as three times faster than shipping via Egypt’s Suez Canal, which handles 17,000 ships a year, accounts for about 8 percent of maritime trade — and is increasingly beset by pirates and political instability in Egypt and Syria. Continue reading