Moscow and Managua are to cooperate over the next few years on the construction of the so-called Interoceanic Grand Canal, a new alternative to the Panama Canal. Deeper, wider, and longer than its rival in Panama, the new canal will challenge U.S. control over the region, though experts are divided on its geopolitical benefits for Russia.
The main investor is the Chinese company HKND, which has received a 100-year concession for building and operating the canal. The construction will be carried out by workers from China and Central America, while Russia, according to the RBTH source, will provide not so much economic and organizational assistance as military and political support. Continue reading
- Witnesses said they saw the submarine surface on Saturday
- Believe sub is HMS Tireless but officials refuse to confirm sighting
- Comes days after Royal Navy warship HMS Westminster arrived
Witnesses said they saw the vessel surface on Saturday as tensions between Spain and Britain continue to rise over fishing rights around the Mediterranean enclave. Continue reading