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Russia denies reports of 'secret negotiation' with Pakistan on CPEC

ANI  |  Moscow [Russia] 

The Russian foreign ministry has denied Pakistani media reports about it having 'secret negotiations' with for the creation of the China-economic corridor (CPEC).

A statement issued by Russia's Foreign Affairs Ministry said Moscow is not discussing the possibility of joining this project with

"Russia-trade and economic cooperation has its own inherent value, and we intend to strengthen it. Russian companies are implementing business projects in the Islamic Republic of Pakistan, including the planned construction of the North-South gas pipeline from Karachi to Lahore, on a bilateral basis," the statement said.

The proposed is about 3,000-kilometre long and will consist of highways, railways and pipelines that will connect China's Xinjiang province to the rest of the through the Gwadar port in Pakistan. Considered to be a part of China's One Belt, One Road initiative, the USD 46 billion project covers Balochistan and Sindh provinces and Pakistan-occupied Kashmir (PoK).

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, November 29 2016. 18:22 IST