Head of Russia’s Sovereign Wealth Fund Pitches “Putin-Trump” Undersea Tunnel Linking Russia-US
18th October 2025
President Trump confirmed a “very productive” phone call with Russian President Putin on Thursday, according to a post on Truth Social. The two leaders are now expected to meet in the near term in Budapest, Hungary, with discussions centered on potential pathways to end the war in Ukraine.
Trump’s latest threat to supply Ukraine with Tomahawk missiles may have been a key driver prompting Moscow’s sudden willingness to engage in talks at the highest level. While full details of the call remain undisclosed, the tone shift signals possible upcoming breakthroughs in negotiations to end the three-year war in Eastern Europe, which has resulted in some casualty figures on both sides at 1.4 million, according to a recent New York Times report, citing U.S. and British government estimates, among other sources.
What comes out of Budapest remains to be seen. But already, Russian sovereign wealth fund head Kirill Dmitriev is posting on X about Elon Musk’s Boring Company potentially building a 70-mile undersea rail tunnel linking Russia and Alaska through the Bering Strait – a proposed $65 billion megaproject.