The Bridge to Crimea Is Crucial to Russia’s War Effort in Ukraine and Asserting Moscow’s Control

 A view through a train window shows the section of a road split and sloping to one side following an alleged attack on the Crimea Bridge, that connects the Russian mainland with the Crimean peninsula across the Kerch Strait, in this still image from video taken July 17, 2023. (Reuters)
A view through a train window shows the section of a road split and sloping to one side following an alleged attack on the Crimea Bridge, that connects the Russian mainland with the Crimean peninsula across the Kerch Strait, in this still image from video taken July 17, 2023. (Reuters)
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The Bridge to Crimea Is Crucial to Russia’s War Effort in Ukraine and Asserting Moscow’s Control

 A view through a train window shows the section of a road split and sloping to one side following an alleged attack on the Crimea Bridge, that connects the Russian mainland with the Crimean peninsula across the Kerch Strait, in this still image from video taken July 17, 2023. (Reuters)
A view through a train window shows the section of a road split and sloping to one side following an alleged attack on the Crimea Bridge, that connects the Russian mainland with the Crimean peninsula across the Kerch Strait, in this still image from video taken July 17, 2023. (Reuters)

The bridge connecting Crimea and Russia carries heavy significance for Moscow, both logistically and psychologically, as a key artery for military and civilian supplies and as an assertion of Kremlin control of the peninsula it illegally annexed in 2014.

An attack on the bridge before dawn Monday, killing a couple and seriously injuring their daughter, left a span of the roadway hanging perilously. The damage initially appeared to be less severe than what was caused by an assault in October, but it highlighted the bridge’s vulnerability.

Russia blamed Ukraine for both attacks. A spokesman for the Ukrainian Security Service on Monday did not directly acknowledge responsibility but said the service would reveal details about organizing the blast once Ukraine achieves victory in the war.

A CRITICAL CONNECTION The Crimean Peninsula extends south from Ukraine’s mainland, with road connections on two isthmuses, one of which is less than 2 kilometers (1 mile) wide, and by a bridge from a narrow spit. Those links to Ukraine go into territory occupied by Russian forces that come under attack from the Ukrainian military.

The bridge, which connects Crimea’s eastern extremity with Russia’s Krasnodar region, provides the only fixed link that steers clear of the disputed territory.

The 19-kilometer (12-mile) bridge over the Kerch Strait that links the Black and Azov seas carries road and rail traffic on separate sections and is vital to sustaining Russia’s military operations in southern Ukraine.

A SYMBOLIC STRUCTURE The bridge is the longest in Europe and a subject of considerable pride in Russia. Construction began in 2016, about two years after Russia's annexation, and was completed in little more than two years. The pace of construction was impressive but led some critics to question whether it was hastily designed and built.

The bridge was constructed despite strong objections from Ukraine and is the most visible and constant reminder of Russia’s claim over Crimea.

President Vladimir Putin drove across the bridge at its formal opening. Putin is also closely connected to construction tycoon Arkady Rotenberg, whose company got the $3.5 billion contract for the bridge.

CONSEQUENCES OF THE ATTACK Rail traffic on the bridge reportedly was restored within a few hours Monday but it was unclear when full road service could be restored. Ferries were being organized to try to ease the burden, but it was not immediately clear whether the vessels could accommodate demand. Crimea’s beaches and mountains are popular with summer tourists.

Russian authorities advised people who wanted to leave Crimea quickly to go via Russian-controlled territory in Ukraine. That would add up to 600 kilometers (350 miles) to their journey and likely raise their anxiety about going through insecure areas.

Russian officials denounced Monday’s attack but did not immediately specify retaliatory measures, although Russia has responded with cruise missiles and drone barrages to other Ukrainian attacks.



COP29 - How Does $300 Billion Stack up?

A demonstrator sitting on the ground holds a poster during a climate protest in Lisbon, to coincide with the closing of the COP29 Climate Summit Saturday, Nov. 23, 2024. (AP)
A demonstrator sitting on the ground holds a poster during a climate protest in Lisbon, to coincide with the closing of the COP29 Climate Summit Saturday, Nov. 23, 2024. (AP)
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COP29 - How Does $300 Billion Stack up?

A demonstrator sitting on the ground holds a poster during a climate protest in Lisbon, to coincide with the closing of the COP29 Climate Summit Saturday, Nov. 23, 2024. (AP)
A demonstrator sitting on the ground holds a poster during a climate protest in Lisbon, to coincide with the closing of the COP29 Climate Summit Saturday, Nov. 23, 2024. (AP)

Countries agreed at the UN's COP29 climate conference to spend $300 billion on annual climate finance. Here are some ways of understanding what that sum is worth:

MILITARY MIGHT

In 2023, governments around the globe spent $6.7 billion a day on military expenditure, according to the Stockholm International Peace Research Institute.

That means the $300 billion annual climate finance target equates to 45 days of global military spending.

BURNING OIL

$300 billion is currently the price tag for all the crude oil used by the world in a little over 40 days, according to Reuters calculations based on global crude oil demand of approximately 100 million barrels/day and end-November Brent crude oil prices.

ELON MUSK

According to Forbes, Elon Musk's net worth stood at $321.7 billion in late November. The world's richest man and owner of social media platform X has co-founded more than half a dozen companies, including electric car maker Tesla and rocket producer SpaceX.

STORM DAMAGE

Hurricane Katrina, one of the most devastating and deadliest cyclones in US history, caused $200 billion in damage alone in 2005.

This year's climate-fueled Hurricane Helene could end up costing up to $250 billion in economic losses and damages in the US, according to estimates by AccuWeather. While preliminary estimates by Morningstar DBRS suggest Hurricane Milton, also supercharged by ocean heat, could cost both the insured and uninsured nearly $100 billion.

BEAUTY BUYS

The global luxury goods market is valued at 363 billion euros ($378 billion) in 2024, according to Bain & Company.

COPPER PLATED

The GDP of Chile - the world's largest copper producing country - stood at $335.5 billion in 2023, according to World Bank data.

GREECE'S BAIL OUT

Euro zone countries and the International Monetary Fund spent some 260 billion euros ($271 billion) between 2010 and 2018 on bailing out Greece - the biggest sovereign bailout in economic history.

BRITISH BONDS

Britain's new government needs to borrow more to fund budget plans. Gilt issuance is expected to rise to 296.9 billion pounds ($372.05 billion) for the current financial year.

TECH TALLY

A 10% share of tech giant Microsoft is worth just over $300 billion, according to LSEG data. Meanwhile the market cap for US oil major Chevron stood at $292 billion.

CRYPTO

The annual climate finance target amounts to 75% of the total value of the global market for crypto currency Ether, the world's second-largest cryptocurrency.

Alternatively, 3 million Bitcoin would cover the annual climate finance target as the world's largest cryptocurrency closes in on the $100,000 mark following a rally fueled by Donald Trump winning the Nov. 5 US presidential election.