- Sputnik International
Find top stories and features from Asia and the Pacific region. Keep updated on major political stories and analyses from Asia and the Pacific. All you want to know about China, Japan, North and South Korea, India and Pakistan, Southeast Asia and Oceania.

Japan, S Korea to Invest in Russian Telecom Cable Plan Uniting 3 States - RDIF

© Sputnik / Evgeny Biyatov / Go to the mediabankРоссийская энергетическая неделя. День второй
Российская энергетическая неделя. День второй - Sputnik International
PORT MORESBY (Sputnik) - Japanese and South Korean partners of the RDIF have confirmed readiness to pour investments into a digital project of the Russian Transneft Telecom, envisaging the creation of a submarine high-speed telecommunications cable connecting Russia, Japan and South Korea, RDIF CEO said.

"During its visit to the APEC [Asia-Pacific Economic Cooperation] summit in Papua New Guinea, the RDIF has confirmed that partners from Japan and South Korea were interested in pouring investment into the Transneft Telecom digital infrastructure project," the Russian Direct Investment Fund (RDIF) CEO Kirill Dmitriev told reporters on Saturday on the sidelines of the APEC summit.

He specified that investments would amount to several billion rubles on the first stage.

READ MORE: Japan Protests Russia Laying Underwater Telecom Cable to Disputed Kuril Islands

In this Monday, Aug. 13, 2018, photo, a man stands near a poster depicting a mural of U.S. President Donald Trump stating that all American costumers will be charged 25 percent more than others starting from the day president Trump started the trade war against China, on display outside a restaurant in Guangzhou in south China's Guangdong province. The recent trade war between the world's two biggest economies has forced many multinational companies to reschedule purchases and rethink where they buy materials and parts to try to dodge or blunt the effects of tit-for-tat tariffs between Washington and Beijing - Sputnik International
APEC Summit Focuses on US-China Trade Row, Globalisation Issues
Dmitriev emphasized that within the project, a submarine high-speed telecommunications cable connecting Russia, Japan and South Korea would be created, with its length making around 1,000 kilometers (621.3 miles). This cable will be connected to the existing Transneft Telecom communication lines, which are over 16,000 kilometers-long, covering the entire Russian territory.

According to the CEO, the "digital bridge" set to be created will connect Europe and Asia via Russia, making it possible to exchange information much quicker than it is done now.

To participate in the discussion
log in or register
Заголовок открываемого материала