 The failure of Russia to withdraw its forces from Manchuria after the end of the Boxer Rebellion further alarmed the Empire of Japan, still upset over the Triple Intervention and Russian de facto annexation of the Liaodong Peninsula and increasing Russian influence over Joseon dynasty Korea – all of which the Japanese deemed detrimental to their interests and national security.Alexeyev was a key member of the “Bezobrazov Circle”, a politically motivated investment group organized by Aleksandr Mikhailovich Bezobrazov whose investors included many members of the highest level in the Russian court.The aim of the “Bezobrazov Circle” was the establishment of a commercial enterprise reminiscent of the British East India Company, which would reward its investors with financial benefits while setting the stage for the conquest of Manchuria and Korea.