Russia and China dig a channel vying with the Panama Canal

China and Russia arе embarking on a big geopolitical and economic venture of laying in Nicaragua a rival to the USA brainchild, the Panama Canal.

This was disclosed to the “Voice of Russia” by Petr Yakovlev, the head of the Center for Iberian Studies, Institute of Latin America, Russian Academy of Sciences. The expert said that Russian companies are holding talks with Chinese partners on how to participate in this strategic project in Latin America.

The start of the construction is planned for December 2014. Longer time slots had been proposed earlier. It is possible that adjustments have been made ​​following the probable participation of Russian companies in the project. Given the confidentiality of negotiations, Peter Yakovlev did not reveal the names of the Russian companies participating in them.