``The China Development Bank has confirmed its plans to invest $5 billion in Russia's Far East, news reports said Friday... "Russia is ready to take on the transit cargo coming from the Asia-Pacific region to Europe, in line with the plans of the Chinese government to reanimate the Great Silk Way," said Far East Development Minister Alexander Galushka... The Trans-Siberian and Baikal-Amur railroads -- in which Russia is investing $18 billion to modernize -- could make up the land part of the route, reinforced by a seaway to the north. ''

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