<p>Pakistan has approved Russia's request to use Gwadar port in Balochistan being developed by China under the USD 46 billion CPEC, an article in the state- run media said today, notwithstanding the denial of Russian Embassy in Islamabad.<br /><br /></p>.<p>"The China-Pakistan Economic Corridor (CPEC), as a flagship project of the One Belt and One Road (OBOR) initiative, has drawn a great deal of investments," the article in Global Times said.<br /><br />"Apart from the fact that Pakistan has approved a Russian request for using the Gwadar Port, located in Balochistan Province, for its exports, media reports were swirling that Russia planned to merge the Moscow-led Eurasian Economic Union (EAEU) with the CPEC," the article titled 'Russia can be a welcoming presence at CPEC' said.<br /><br />"Although the Russian embassy in Islamabad later denied the reports, concerns and speculations have been lingering among some observers," it said.<br /><br />"It isn't something terrible if Moscow joins the CPEC. Instead, it will be an opportunity for China, Russia and Pakistan to enhance cooperation," the article said, adding that Moscow's participation will have a positive impact on India.<br /><br />"India has been opposed to the CPEC due to the long-term tension between New Delhi and Islamabad, and its historical border disputes with China. Traditionally, Russia has developed a very good relationship with India, as well as China and Pakistan," the article said.<br /><br />Russia's presence in the CPEC would help prevent the international community, including India, from paying excessive attention to China and remove the unnecessary worries over the so-called China threat. The cooperation between BRICS countries like China, Russia and India is the key to the success of OBOR development, it said.<br /><br />"As was said above, Russia's participation is not a bad thing and there is no need to exaggerate neither its competition nor negativity. On the contrary, if Russia joins the project, it will be a stakeholder which shares economic risk, especially security risk, and has the same or similar goals. It's a good thing," it said. <br /></p>
<p>Pakistan has approved Russia's request to use Gwadar port in Balochistan being developed by China under the USD 46 billion CPEC, an article in the state- run media said today, notwithstanding the denial of Russian Embassy in Islamabad.<br /><br /></p>.<p>"The China-Pakistan Economic Corridor (CPEC), as a flagship project of the One Belt and One Road (OBOR) initiative, has drawn a great deal of investments," the article in Global Times said.<br /><br />"Apart from the fact that Pakistan has approved a Russian request for using the Gwadar Port, located in Balochistan Province, for its exports, media reports were swirling that Russia planned to merge the Moscow-led Eurasian Economic Union (EAEU) with the CPEC," the article titled 'Russia can be a welcoming presence at CPEC' said.<br /><br />"Although the Russian embassy in Islamabad later denied the reports, concerns and speculations have been lingering among some observers," it said.<br /><br />"It isn't something terrible if Moscow joins the CPEC. Instead, it will be an opportunity for China, Russia and Pakistan to enhance cooperation," the article said, adding that Moscow's participation will have a positive impact on India.<br /><br />"India has been opposed to the CPEC due to the long-term tension between New Delhi and Islamabad, and its historical border disputes with China. Traditionally, Russia has developed a very good relationship with India, as well as China and Pakistan," the article said.<br /><br />Russia's presence in the CPEC would help prevent the international community, including India, from paying excessive attention to China and remove the unnecessary worries over the so-called China threat. The cooperation between BRICS countries like China, Russia and India is the key to the success of OBOR development, it said.<br /><br />"As was said above, Russia's participation is not a bad thing and there is no need to exaggerate neither its competition nor negativity. On the contrary, if Russia joins the project, it will be a stakeholder which shares economic risk, especially security risk, and has the same or similar goals. It's a good thing," it said. <br /></p>