EU-US Relations: Huge trade tariffs on Europe could come soon if US wins WTO fight - by David Reid

The World Trade Organization (WTO) has found that both European planemaker Airbus (AIR.PA) and its U.S. rival Boeing (BA.N) received billions of dollars of illegal subsidies in a pair of cases that have run for 15 years.

Both sides have threatened tariffs after the Geneva body found neither adhered fully to its findings. However, the United States has a head start, with the European Union having to wait until early in 2020 to hear what level of retaliation it can exact over Boeing.

The WTO is expected this week to reveal the amount of EU goods the United States can target. People familiar with the case say the three-person tribunal is expected to award it around $7.5 billion, a record for the 24-year-old watchdog.

Such retaliation rights are rarely granted by the WTO - most parties reach settlements - and in many cases complainants do not exercise their rights. The United States though has indicated it will target EU goods to the fullest extent.

It has already published a $25 billion list from which it will pick items to target from aircraft and aerospace parts to wine, cheese and luxury goods.

The WTO award in the world’s largest corporate trade dispute could fuel already strained trade tensions, diplomats say.

Read more at: Huge trade tariffs on Europe could come next week if US wins WTO fight

China-US relations: What investors need to know about a potential White House effort to block U.S. investment in China

What investors need to know about a potential White House effort to block U.S. investment in China -

Read more at:
https://on.mktw.net/2lHA5Cd

EU-Japan Relations: EU and Japan join forces to counter US and Chinese initiatives – by Jorge Valero

The EU and Japan signed on Friday (27 September) a holistic partnership to promote investment projects based on rules-based and sustainable principles, and to counter the risks posed by the US and China.

The EU-Japan partnership on sustainable connectivity – a term covering an array of trade, economic, transport and environmental fields – and quality infrastructure was presented to other Asian partners during the EU-Asia connectivity forum held on Friday.

Both partners agreed to “promote free, open, rules-based, fair, non- discriminatory and predictable regional and international trade and investment, transparent procurement practices, the ensuring of debt sustainability and the high standards of economic, fiscal, financial, social and environmental sustainability,” the text reads.

The deal will cover all dimensions of connectivity including digital, transport, energy and people-to-people exchanges.

Read more: EU and Japan join forces to counter US and Chinese initiatives – EURACTIV.com

China: economic slowdown. How bad is it?

China's economic slowdown: How bad is it?

Read more
https://www.bbc.co.uk/news/business-49791721

The Netherlands - healthcare: profits skyrocket at 85 Dutch Healthcare firms

Read more at: 

https://nltimes.nl/2019/09/25/profits-skyrocket-85-dutch-healthcare-firms-report

Support EU-Digest, Almere-Digest, Insure-Digest which have reported the news without any political affiliation since 2004, and opposes those who seek to discredit and even destroy news organizations who believe in the right of a free Press. You can do that by investing in an advertisement in EU-Digest, or by giving a donation to keep our efforts going : to donate or advertise and pay by credit card, click on: https://www.paypal.com/webapps/hermes?token=8BP18304C1657151J&useraction=commit&mfid=1567106786154_8591ae1288ebf 

GLOBAL Trade and Tariffs: US president Trumps dealmaking skills as India and Japan Trade deals hit snags

Trump's dealmaking skills on trial as India, Japan trade deals hit snags.

Read more at:
https://p.dw.com/p/3QA53

Britain: More Problems For Boris Johnson: Boris Johnson given two weeks to explain links to entrepreneur - by Laura Hughes

Boris Johnson has been given two weeks by London’s assembly to explain his relationship with an American entrepreneur who received up to  £126,000 in public funds during the prime minister’s eight-year tenure as mayor of the UK capital.

Read more: Boris Johnson given two weeks to explain links to entrepreneur | Financial Times

BRITAIN: THOMAS COOK BANKRUPTCY - Thomas Cook crash is dry run for Brexit failures

Read more at:
https://uk.reuters.com/article/us-thomas-cook-grp-investment-breakingvi/breakingviews-thomas-cook-crash-is-dry-run-for-brexit-failures-idUKKBN1W80Y2

Support EU-Digest, Almere-Digest, Insure-Digest which have reported the news without any political affiliation since 2004, and opposes those who seek to discredit and even destroy news organizations who believe in the right of a free Press. You can do that by investing in an advertisement in EU-Digest, or by giving a donation to keep our efforts going : to donate or advertise and pay by credit card, click on: https://www.paypal.com/webapps/hermes?token=8BP18304C1657151J&useraction=commit&mfid=1567106786154_8591ae1288ebf 

Climate Change: 90 large companies from several sectors are pledging to slash their greenhouse gas emissions

Almost 90 large companies in sectors from food to cement to telecommunications are pledging to slash their greenhouse gas emissions in a new campaign to steer multi-nationals towards a low-carbon future, organizers said on Sunday.

Read more at:
https://reut.rs/2V51E5I

Support EU-Digest, Almere-Digest, Insure-Digest which have reported the news without any political affiliation since 2004, and opposes those who seek to discredit and even destroy news organizations who believe in the right of a free Press. You can do that by investing in an advertisement in EU-Digest, or by giving a donation to keep our efforts going : to donate or advertise and pay by credit card, click on: https://www.paypal.com/webapps/hermes?token=8BP18304C1657151J&useraction=commit&mfid=1567106786154_8591ae1288ebf 

Cruise Line industry: Norwegian hybrid electric- diesel cruise ship navigates through Northwest passage

A Norwegian company says it has navigated the first hybrid-powered cruise ship through the Northwest Passage using a combination of massive batteries and diesel engines.

Read more at:
https://www.cbc.ca/news/canada/north/amundsen-arctic-hybrid-cruise-1.5290158

Support EU-Digest, Almere-Digest, Insure-Digest which have reported the news without any political affiliation since 2004, and opposes those who seek to discredit and even destroy news organizations who believe in the right of a free Press. You can do that by investing in an advertisement in EU-Digest, or by giving a donation to keep our efforts going : to donate or advertise and pay by credit card, click on: https://www.paypal.com/webapps/hermes?token=8BP18304C1657151J&useraction=commit&mfid=1567106786154_8591ae1288ebf 

France - Food additives: French supermarket chain to remove additives using phone app that rates products

French supermarket chain to remove additives using phone app that rates products

Read more at: 

https://www.euronews.com/2019/09/20/french-supermarket-chain-to-remove-additives-using-phone-app-that-rates-products

Support EU-Digest, Almere-Digest, Insure-Digest which have reported the news without any political affiliation since 2004, and opposes those who seek to discredit and even destroy news organizations who believe in the right of a free Press. You can do that by investing in an advertisement in EU-Digest, or by giving a donation to keep our efforts going : to donate or advertise and pay by credit card, click on: https://www.paypal.com/webapps/hermes?token=8BP18304C1657151J&useraction=commit&mfid=1567106786154_8591ae1288ebf 

USA: Revealed: how US senators invest in firms they are supposed to regulate

Revealed: how US senators invest in firms they are supposed to regulate

Read more at: 

https://www.theguardian.com/us-news/2019/sep/19/us-senators-investments-conflict-of-interest?CMP=Share_AndroidApp_Blogger

Support EU-Digest, and Insure digest which have reported the news without any political affiliation since 2004, and opposes those who seek to discredit and even destroy news organizations who believe in the right of a free Press. You can do that by investing in an advertisement in EU-Digest, or by giving a donation to keep our efforts going : to donate or advertise and pay by credit card, click on: https://www.paypal.com/webapps/hermes?token=8BP18304C1657151J&useraction=commit&mfid=1567106786154_8591ae1288eb

IRAN: The Real Reason Trump Won’t Attack Iran – Emily Meierding

A war in the Persian Gulf would profoundly destabilize the global oil system. If the Trump administration strikes Iran, unilaterally or in conjunction with Saudi Arabia, and targets the state’s oil facilities, these attacks will take more resources offline. Although Iran’s oil output has declined significantly since the United States reimposed sanctions in 2018, the country still produces more than 2 million barrels of oil per day and exports about half a million barrels per day of petroleum products and liquefied petroleum gas to a variety of resource consumers.  Airstrikes would remove these supplies for the market, while other oil producers are struggling to compensate for the loss of Saudi resources.

Unsurprisingly, Chinese and European officials have adopted a cautious attitude toward the crisis. Although China’s foreign ministry condemned the attack, spokesperson Hua Chunying advised the parties “to avoid taking actions that bring about an escalation in regional tensions.” She also refrained from attributing responsibility for the strikes to a specific actor. German Chancellor Angela Merkel and British Prime Minister Boris Johnson pushed for an international response to the attacks. However, they also emphasized the “importance of avoiding the further escalation of tensions in the region.” Given this reticence, if the United States wants to strike Iran, it will have to go it alone.

Starting a war to protect oil markets will only backfire for the US.

Read more: The Real Reason Trump Won’t Attack Iran – Foreign Policy

Support EU-Digest, which has reported the news without any political affiliation since 2004, and opposes those who seek to discredit and even destroy news organizations who believe in the right of a free Press. You can do that by investing in an advertisement in EU-Digest, or by giving a donation to keep our efforts going : to donate or advertise and pay by credit card, click on: https://www.paypal.com/webapps/hermes?token=8BP18304C1657151J&useraction=commit&mfid=1567106786154_8591ae1288ebf  

The Netherlands: the Dutch Healthcare system is among the most costly in Europe - by RM

Dutch citizens did not get a good deal under the current Dutch health insurance law.

It has become an extremely expensive business to get health Insurance in the Netherlands.   

Especially if you add up  all the costs.

First of all there is the obligatory deductible of Euro 385, then the monthly premium, which  on average is around Euro 250 per month.

That makes a total "out of pocket expense" of Euro 3,385 per year, and even than you are not there yet.

There are also a variety of  other provisions, whereby certain costs incurred for pharmaceuticals, and medical services, are not reimbursed.

Not only is Dutch healthcare  too costly for the average citizen, it also is a cash machine for Dutch Insurance companies and the pharmaceutical industry.

Healthcare Insurance services and costs should also be uniformly regulated throughout the EU, which is not the case right now.

It is high time that the "political establishment" and the voters start paying more attention to the fact that this issue needs to get fixed without delay. 

Insure-Digest 

Support Insure-Digest which has reported the news without any political affiliation since 2004, and opposes those who seek to discredit and even destroy news organizations who believe in the right of a free Press. You can do that by investing in an advertisement in Insure-Digest, or by giving a donation to keep our efforts going : to donate or advertise and pay by credit card, click on: https://www.paypal.com/webapps/hermes?token=8BP18304C1657151J&useraction=commit&mfid=1567106786154_8591ae1288ebf  

Britain - Saudi Arabia sales were inadvertently made says Liz Truss

International British Trade Secretary Liz Truss apologises over 'inadvertent' Saudi military sales

Read more at
https://www.bbc.co.uk/news/uk-49722916

Support EU-Digest, which has reported the news without any political affiliation since 2004, and opposes those who seek to discredit and even destroy news organizations who believe in the right of a free Press. You can do that by investing in an advertisement in EU-Digest, or by giving a donation to keep our efforts going : to donate or advertise and pay by credit card, click on: https://www.paypal.com/webapps/hermes?token=8BP18304C1657151J&useraction=commit&mfid=1567106786154_8591ae1288ebf  

Oil Exploration - The Guyana-Suriname Basin: An Emerging Petroleum Province

Once in a while, a new petroleum province appears in a previously under-explored frontier or blind spot, broadening the horizon of the explorers and security analysts alike, lending fresh hopes to both oilmen and the local economy, and offering new opportunities to the E&P industry as well as investors. Onshore, the shale play in the Permian Basin is one of such revolutionary new discoveries - perhaps a case of rejuvenation, to be exact. Offshore, such new frontiers were West Africa in the 2000s, East Africa in early 2010s, and Guyana in late 2010s.

In this report an in-depth look at the emerging Guyana-Suriname Basin, including its geology and resource potential, exploration history, discoveries made so far, to lay a foundation for future discussions on how we as security investors can profit from the rise of this frontier.

Read more at: The Guyana-Suriname Basin: An Emerging Petroleum Province | Seeking Alpha
 
Support EU-Digest, which has reported the news without any political affiliation since 2004, and opposes those who seek to discredit and even destroy news organizations who believe in the right of a free Press. You can do that by investing in an advertisement in EU-Digest, or by giving a donation to keep our efforts going : to donate or advertise and pay by credit card, click on: https://www.paypal.com/webapps/hermes?token=8BP18304C1657151J&useraction=commit&mfid=1567106786154_8591ae1288ebf  

Britain-Brexit: Lib Dems pledge to cancel Brexit if they win general election

The Liberal Democrats have pledged to cancel Brexit if they come to power at the next general election.

Members voted for the new policy at their party conference in Bournemouth by an overwhelming majority.

Previously, the party has backed another referendum or "People's Vote", saying they would campaign to Remain.

After the vote, their leader Jo Swinson, said: "We will do all we can to fight for our place in Europe, and to stop Brexit altogether."

The commitment only comes into force if the party wins the election as a majority government.

Ms Swinson also confirmed that before an election is called, the Lib Dems would continue to work with other opposition parties to campaign for a further referendum, and to prevent a "dangerous" no-deal Brexit

Read more at: Lib Dems pledge to cancel Brexit if they win general election - BBC News

Support EU-Digest, which has reported the news without any political affiliation since 2004, and opposes those who seek to discredit and even destroy news organizations who believe in the right of a free Press. You can do that by investing in an advertisement in EU-Digest, or by giving a donation to keep our efforts going : to donate or advertise and pay by credit card, click on: https://www.paypal.com/webapps/hermes?token=8BP18304C1657151J&useraction=commit&mfid=1567106786154_8591ae1288ebf  

Eurozone Economy: the shadow of recession deepens over the Eurozone - by John Weeks

Read more at:

https://www.socialeurope.eu/shadow-of-recession-deepens-over-the-eurozone
 

Support EU-Digest, which has reported the news without any political affiliation since 2004, and opposes those who seek to discredit and even destroy news organizations who believe in the right of a free Press. You can do that by investing in an advertisement in EU-Digest, or by giving a donation to keep our efforts going : to donate or advertise and pay by credit card, click on: https://www.paypal.com/webapps/hermes?token=8BP18304C1657151J&useraction=commit&mfid=1567106786154_8591ae1288ebf  

The Netherlands - Money laundering: major Dutch banks team up to fight money laundering

Read more at:
https://nltimes.nl/2019/09/13/dutch-banks-want-team-fight-money-laundering

Support EU-Digest, which has reported the news without any political affiliation since 2004, and opposes those who seek to discredit and even destroy news organizations who believe in the right of a free Press. You can do that by investing in an advertisement in EU-Digest, or by giving a donation to keep our efforts going : to donate or advertise and pay by credit card, click on: https://www.paypal.com/webapps/hermes?token=8BP18304C1657151J&useraction=commit&mfid=1567106786154_8591ae1288ebf  

International Money Transfers: How to find the best rate when sending money abroad

Thousands of miles away in Cameroon, Swiss brothers François and Pascal Briod were having a light-bulb moment. The Briods first set up a non-profit organization when they were youngsters to fund projects such as AIDs prevention workshops in Cameroon. However, despite their good work, they encountered high fees when transferring the funds they had raised to the African country. And their regular work visits to Cameroon were also an eye opener.

“You would see advertising for money transfers everywhere but there was a lack of transparency about it all. Africa has always had a reputation for high money transfer fees; the global average is 7 percent, while in Africa it is still 12 percent,” says François

Together in 2013, the trio founded a price comparison money transfer website and christened it Monito -- think Skyscanner but for money transfers. The business model is simple: users get to choose the best deal within a matter of seconds of entering their search request. Success has been forthcoming for the Swiss entrepreneurs with Monito scooping numerous start-up awards.

In the space of just six years, the founders of Monito have established strong relationships with money transfer operators as well as with their many returning customers. Their goal of saving consumers $28 billion in fees remains an ongoing motivator.

For the complete report click here: : How to find the best rate when sending money abroad - The Local

 

Support EU-Digest, which has reported the news without any political affiliation since 2004, and opposes those who seek to discredit and even destroy news organizations who believe in the right of a free Press. You can do that by investing in an advertisement in EU-Digest, or by giving a donation to keep our efforts going : to donate or advertise and pay by credit card, click on: https://www.paypal.com/webapps/hermes?token=8BP18304C1657151J&useraction=commit&mfid=1567106786154_8591ae1288ebf  

EU Commission: A new team to defend Europe’s economic sovereignty – by Jorge Valero

Achieving a “more assertive” Europe that can improve its competitiveness and sovereignty in an increasingly hostile world.

These are the main guidelines of President-elect Ursula von der Leyen to the new College of Commissioners, unveiled on Tuesday (10 September).

Europe is losing ground in the digital race that is reshaping the economy and society at large. China is now considered a “systemic rival”, while the US is no longer a reliable partner since the election of Donald Trump, with preparations underway in Washington to step up the trade war against Europe. 

According to Ursula von der Leyen, this is why the protection of Europe’s sovereignty – and its economic might – has to be top of the agenda for her new team of commissioners.

 Read more: A new team to defend Europe’s economic sovereignty – EURACTIV.com

Support EU-Digest, which has reported the news without any political affiliation since 2004, and opposes those who seek to discredit and even destroy news organizations who believe in the right of a free Press. You can do that by investing in an advertisement in EU-Digest, or by giving a donation to keep our efforts going : to donate or advertise and pay by credit card, click on: https://www.paypal.com/webapps/hermes?token=8BP18304C1657151J&useraction=commit&mfid=1567106786154_8591ae1288ebf  

China-US relations: Trump wants US businesses to cut all ties with China: why that’s a lose-lose plan - by Winston Mok

Donald Trump “ ordered” American companies by tweet to stop doing business with China. Even with the US president’s shifting whims, what if his wish were to come true?

In an extreme scenario, if US-China trade and US manufacturing in China were to grind to a halt – when US companies no longer had any business with or in China – what would be the implication for American consumers, its companies, workers and innovation?

US consumers would suffer considerably, with a narrower selection of shoddier goods costing more, driving up inflation.

Had Trump not delayed tariffs for the not-yet-targeted Chinese goods until mid-December, US consumers would have had a foretaste of US-China decoupling this Christmas.

"Without the Chinese supply chain and the vast China market, many US companies would be displaced by non-US rivals. In decoupling, the US would not be isolating China, but itself, from the global production

network".

Read more at: Trump wants US businesses to cut all ties with China: why that’s a lose-lose plan | South China Morning Post

Support EU-Digest, which has reported the news without any political affiliation since 2004, and opposes those who seek to discredit and even destroy news organizations who believe in the right of a free Press, by investing in an advertisement, or by giving a donation to keep our efforts going : to donate or advertise click on: https://www.paypal.com/webapps/hermes?token=8BP18304C1657151J&useraction=commit&mfid=1567106786154_8591ae1288ebf  

EU Economy: Shadow of recession deepens over the eurozone - by John Weeks

Read more at: 

https://www.socialeurope.eu/shadow-of-recession-deepens-over-the-eurozone

Support EU-Digest, which has reported the news without any political affiliation since 2004, and opposes those who seek to discredit news organizations who believe in the right of a free Press, by investing in an advertisement, or by giving a donation to keep our efforts going : to donate or advertise click on: https://www.paypal.com/webapps/hermes?token=8BP18304C1657151J&useraction=commit&mfid=1567106786154_8591ae1288ebf  

Turkey - US relations: Turkey calls on U.S. to lift barriers to boost trade - by MURAD SEZER

Turkey asked the United States to lift trade barriers between the two countries during talks on Saturday aimed at sharply increasing bilateral commerce, Turkey's trade minister said. 

Read more: 
Turkey calls on U.S. to lift barriers to boost trade

Support EU-Digest, which has reported the news without any political affiliation since 2004, and opposes those who seek to discredit news organizations who believe in the right of a free Press, by investing in an advertisement, or by giving a donation to keep our efforts going : to donate or advertise click on: https://www.paypal.com/webapps/hermes?token=8BP18304C1657151J&useraction=commit&mfid=1567106786154_8591ae1288ebf . 

The Netherlands: Asset tax system gets overhaul, 1.3 million people will pay no tax on savings

The Dutch cabinet plans to overhaul the system for taxing savings, which will lead to no asset tax bills for 1.3 million people and 500,000 facing lower payments.

Tax minister Menno Snel said in April the cabinet was looking into ways of cutting the amount of tax paid by people whose assets are primarily in the form of savings.

The government currently uses ‘fictitious interest rates’ of upwards of 2% to decide how much income people have from their assets, and levies tax of 30% on assets over €30,360 (double for a couple).

But at the moment, most savings accounts have interest rates of around zero and people are paying tax on income they have not realized.

Under the new set-up, which will come into effect in 2022, assets would be divided into three categories: savings, investments and debt. Savings over €30,360 would be taxed in line with current interest rates, rather than a fictitious amount.

Read more at: Asset tax system gets overhaul, 1.3 million people will pay no tax on savings - DutchNews.nl

Support EU-Digest, which has reported the news without any political affiliation since 2004, and opposes those who seek to discredit news organizations who believe in the right of a free Press, by investing in an advertisement, or by giving a donation to keep our efforts going : to donate or advertise click on: https://www.paypal.com/webapps/hermes?token=8BP18304C1657151J&useraction=commit&mfid=1567106786154_8591ae1288ebf  

The Netherlands: Insurance premiums to go up next year says Government

Read more at: 

https://nltimes.nl/2019/09/05/health-insurance-premiums-expected-increase-eu3-per-month-next-year-report

Support EU-Digest, which has reported the news without any political affiliation since 2004, and opposes those who seek to discredit news organizations who believe in the right of a free Press, by investing in an advertisement, or by giving a donation to keep our efforts going : to donate or advertise click on: https://www.paypal.com/webapps/hermes?token=8BP18304C1657151J&useraction=commit&mfid=1567106786154_8591ae1288ebf  

Eurozone retail sales drop

According to estimates from Eurostat, in July compared with June, the seasonally adjusted volume of retail trade decreased by 0.6% in the euro area (EA19) and by 0.5% in the EU28.

In June, the retail trade volume increased by 1.2% in the euro area and by 1.3% in the EU28.

In July compared with July last year, the calendar adjusted retail sales index increased by 2.2% in the euro area and by 2.6% in the EU28.

Read more: Eurozone retail sales drop | New Europe

Support EU-Digest, which has reported the news without any political affiliation since 2004, and opposes those who seek to discredit news organizations who believe in the right of a free Press, by investing in an advertisement, or by giving a donation to keep our efforts going : to donate or advertise click on: https://www.paypal.com/webapps/hermes?token=8BP18304C1657151J&useraction=commit&mfid=1567106786154_8591ae1288ebf  

Britain-Brexit: Boris Johnson suffers Commons defeat as Tories turn against him - by Heather Stewart and Peter Walker

Boris Johnson has announced he will ask parliament to support plans for a snap October general election after suffering a humiliating defeat in his first House of Commons vote as prime minister.

Former cabinet ministers including Philip Hammond and David Gauke were among 21 Tory rebels who banded together with opposition MPs to seize control of the parliamentary timetable on a dramatic day in Westminster.

The move was aimed at paving the way for a bill tabled by the Labour backbencher Hilary Benn, which is designed to block a no-deal Brexit by forcing the prime minister to request an extension to article 50 if he cannot strike a reworked deal with the EU27.

Johnson lost the vote by 328 to 301, a convincing majority for the rebels of 27.

The PM had earlier described the legislation, drawn up by a cross-party coalition including the senior Tories Oliver Letwin and Dominic Grieve, as “Jeremy Corbyn’s surrender bill”.

After his defeat, Johnson said he would never request the delay mandated in the rebels’ bill, which he said would “hand control of the negotiations to the EU”.

If MPs passed the bill on Wednesday, he said, “the people of this country will have to choose” in an election that he would seek to schedule for 15 October.

Read more at: Boris Johnson suffers Commons defeat as Tories turn against him | Politics | The Guardian

Support EU-Digest, which has reported the news without any political affiliation since 2004, and opposes those who seek to discredit news organizations who believe in the right of a free Press, by investing in an advertisement, or by giving a donation to keep our efforts going : to donate or advertise click on: https://www.paypal.com/webapps/hermes?token=8BP18304C1657151J&useraction=commit&mfid=1567106786154_8591ae1288ebf  

China-US Trade war: China launches protest against US with WTO

China - USA going head to head

Read more at:
https://www.cbc.ca/news/business/trade-war-china-wto-1.5267790

Support EU-Digest, which has reported the news without any political affiliation since 2004, and opposes those who seek to discredit news organizations who believe in the right of a free Press, by investing in an advertisement, or by giving a donation to keep our efforts going : to donate or advertise click on: https://www.paypal.com/webapps/hermes?token=8BP18304C1657151J&useraction=commit&mfid=1567106786154_8591ae1288ebf      

Russia: How Russia built Europe’s longest bridge in Crimea

It took thousands of people and 27 months to build a 19km bridge connecting Crimea to Russia’s mainland. This is how the titanic construction project unfolded – compressed in tree minutes of stunning timelapse footage.

The Crimean bridge was opened earlier this week for cars. The video clip was produced from footage taken throughout the long months of construction to commemorate the date in honor of all the hard work put into the project.

While the bridge is already operational, it is not finished yet. The second part, which is meant for trains, is still under construction and will be ready next year.

View video at:  27 months in 3 minutes: How Russia built Europe’s longest bridge (TIMELAPSE VIDEO) — RT World News