Box for its road its initiative its under pressure on transparency from western capitals they say struggling economies are being sucked into the project and saddled with debt china says it understands the concerns and is calling for suggestions prior to an international congress. With a week to go until thousands of delegates gather in beijing for a summit to celebrate developed and Road Initiative chinas singing songs of praise for the vast infrastructure project. The message on Chinese State t. V. Is the new silk road is a Glorious Endeavor Connecting China With Asia Europe and beyond state lenders say the new silk road includes Eight Hundred projects with loans of over a trillion dollars critics say the belgian road is the way to expand chinese influence they say countries could be taking on massive debts. Chinas leaders including president xi insists the project has brought real benefits for participating countries. I would like to stress
that this Partner Relationship is not a geo
much for your analysis now as ukraine prepares for an election on sunday a court has ruled the nationalization of ukraine s biggest linda. illegal and sent shock waves through the financial sector the ruling is viewed as a setback for incumbent president petro poroshenko in this weekend s final round of voting. but every third ukrainian has a bank account here it s the country s biggest lender the news that it might be returned to private ownership has unsettled the bank s customers. before the bank was nationalized in twenty sixteen it had piled up almost six billion dollars in debt the government bailed the bank out and nationalized it blaming fraudulent lending practices and money laundering by co-founder igor kohler moist and other bank owners. as the country goes to the polls president poroshenko has ramped up a scare campaign with the bank at its center. one of the holes in the plan of one