Prime Minister Dmitry Medvedev has approved the construction of a new tolled motorway across Russia designed to significantly shorten cargo routes, local media reported. The project is expected to cost around $9.5 billion. The massive infrastructure project, the Meridian highway, has won the support of the Russian government, Vedomosti business daily said, citing government officials. The highway... 

A map of China’s Silk Road Economic Belt and the Maritime Silk Road. Iran is participating in an ambitious Chinese plan to revive the Silk Road which aims to connect Asia to Europe and Africa through a network of roads, railways, ports and airports. Deputy Economy Minister Massoud Karbasian says Iran will turn to a transit route for more than 12 million tonnes of goods a year if the Silk Road...