According to Bloomberg, Italy has officially exited China's Silk Road Initiative, which, according to Foreign Minister Antonio Tajani, is because BRI has not produced the desired effects.
China has been formally informed by Italy's government, led by Prime Minister Giorgia Meloni, that Italy is leaving the Belt and Road Initiative. This action validates months-long rumors that Rome intended to withdraw from Beijing's global infrastructure initiative, in which Chinese banks finance projects ranging from power plants, highways, ports, trains, and telecommunications infrastructure.
According to Bloomberg, BRI "has not produced the desired effects" and is no longer "a priority." Foreign Minister Antonio Tajani made this claim.
Tajani gave a speech earlier today at an Adnkronos newswire-hosted event in Rome. According to him, ex-BRI nations "have better results" in terms of economic expansion.
The DOJ has announced that Binance pleaded guilty to money laundering, and faces ...
Full Access
Included:
-
Access to All Articles.
-
One Plan. No Tiers.
-
No Ads.
-
Cancel anytime.
