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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsEver Given is no longer blocking the Suez Canal, but Russia sees a long-term benefit from it
Ever Given, a 1,300-foot container ship, was freed Monday after being grounded in the Suez Canal for six days, blocking hundreds of ships from traversing the important transit corridor.
Even as crews worked to free Ever Given, Russian officials seized on the incident to tout the Northern Sea Route, an Arctic maritime corridor on which Moscow is betting big.
On March 25, an Arctic development official with state nuclear firm Rosatom, which is in charge of the development of the route, said the incident showed "how fragile any route between Europe and Asia is."
"The Northern Sea Route's development hedges logistical risks and makes global trade more sustainable," the official, Vladimir Panov, told Russia's Interfax news agency. "Undoubtedly, such Asian countries as China, Japan, and South Korea will take the precedent of the Suez Canal's blockage into consideration in their long-term strategic plans."
https://www.msn.com/en-us/news/world/ever-given-is-no-longer-blocking-the-suez-canal-but-russia-sees-a-long-term-benefit-from-it-being-stuck/ar-BB1f879c?li=BBnb7Kz
Putin must be sniffing his own farts. Ice or not it's still a longer route through the Arctic.
OAITW r.2.0
(24,455 posts)Oligarchs won't be controlling trade routes.
EYESORE 9001
(25,927 posts)They make nothing, export only fossil fuels, cause trouble around the world, sabotage computer networks...
They can go suck eggs before being considered fit to rejoin civilized nations.
Irish_Dem
(46,918 posts)All coincidence I am sure.
zipplewrath
(16,646 posts)The canal has a 100+ year history of transit. Russia has a 100+ year history of extortion. I'm not saying that certain products won's seek the route, I'm saying that the risk reward equation won't balance for alot of products. It's not the speed, it's the cost and predictability that is of primary concern.
abqtommy
(14,118 posts)a 10,000 year deep-freeze tomorrow!