ETFOptimize | High-performance ETF-based Investment Strategies

Quantitative strategies, Wall Street-caliber research, and insightful market analysis since 1998.


ETFOptimize | HOME
Close Window

Russian, Chinese businessmen considering secret undersea tunnel connecting to Crimea: report

The Chinese Railway Construction Corporation is in communication with Russian business leaders about possibly building a tunnel connecting Russia to Crimea, according to reports.

Russian and Chinese business leaders have considered the construction of an underwater tunnel connecting Russia and Crimea, according to The Washington Post. 

The tunnel — which is allegedly referenced in communications logs obtained by the Ukrainian military — would be an unprecedented collaboration by the Chinese, who have not previously recognized Russian sovereignty over Crimea.

Russia is reportedly exploring the option as an alternative to its 11-mile bridge across the Kerch Strait, which has been bombed multiple times since the invasion of Ukraine.

KREMLIN SAYS PUTIN'S EVENTUAL SUCCESSOR WILL BE 'DIFFERENT, BUT THE SAME'

The Chinese Railway Construction Corporation (CRCC) wrote that workers were "ready to ensure the construction of railway and road construction projects of any complexity in the Crimean region," according to the report.

The CRCC is a state enterprise owned and operated by the Chinese Communist Party.

The outlet cited another email from Russian business leader Vladimir Kalyuzhny in which he expressed CRCC's interest in acting as a general contractor for a tunnel project.

RUSSIAN JUSTICE MINISTRY ASKS SUPREME COURT TO BAN 'INTERNATIONAL LGBT PUBLIC MOVEMENT'

Kalyuzhny called the reports "a lot of hot air" and has flatly denied cooperation between Russia and the CRCC, calling The Washington Post "enemy media."

Further communications allegedly show that the Chinese Communist Party wishes to remain behind the scenes on the tunnel project under "strict provision of complete confidentiality."

CRCC is also quoted in the report stating that their work on a hypothetical Kerch Strait project would be attributed to "another, unaffiliated legal entity" and that the corporation would "convert its dollar funds into rubles for their transfer to Crimea to fund [consortium] projects."

China has never officially recognized Russia's claims of sovereignty over Crimea, which it invaded and began occupying in 2014.

Openly supporting Russia's ongoing annexation of Crimea could open China to Western sanctions and trade penalties.

A tunnel linking Russia to Crimea would be an infrastructure project of immense proportions. Construction would be further complicated by the ongoing violent conflict in the region.

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.


 

IntelligentValue Home
Close Window

DISCLAIMER

All content herein is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor should it be interpreted as a recommendation to buy, hold or sell (short or otherwise) any security.  All opinions, analyses, and information included herein are based on sources believed to be reliable, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. We undertake no obligation to update such opinions, analysis or information. You should independently verify all information contained on this website. Some information is based on analysis of past performance or hypothetical performance results, which have inherent limitations. We make no representation that any particular equity or strategy will or is likely to achieve profits or losses similar to those shown. Shareholders, employees, writers, contractors, and affiliates associated with ETFOptimize.com may have ownership positions in the securities that are mentioned. If you are not sure if ETFs, algorithmic investing, or a particular investment is right for you, you are urged to consult with a Registered Investment Advisor (RIA). Neither this website nor anyone associated with producing its content are Registered Investment Advisors, and no attempt is made herein to substitute for personalized, professional investment advice. Neither ETFOptimize.com, Global Alpha Investments, Inc., nor its employees, service providers, associates, or affiliates are responsible for any investment losses you may incur as a result of using the information provided herein. Remember that past investment returns may not be indicative of future returns.

Copyright © 1998-2017 ETFOptimize.com, a publication of Optimized Investments, Inc. All rights reserved.