Looks like Bering Strait tunnel/bridge proposals are back again:
The Chelsea Football Club's owner has paid $174 million for the boring machine, which will have a 19m diameter, almost a quarter wider than its nearest rival.
There was immediate speculation that the drill would be used to build a tunnel linking Russia and America under the 88km wide Bering Strait.
The tycoon is thought to share outgoing Russian President Vladimir Putin's vision of a "WorldLink" tunnel connecting the frozen wastes of Chukotka, the Russian region of which Mr Abramovich is governor, to Alaska.
"It is one of Putin's dream projects and he has already had secret talks with Washington about it," claimed an insider.
"He sees Russia as the hub of the world and wants Europe to transport its goods, as well as his own, across his country to the US."