Russia, Iran again promote alternative to Suez Canal
Russia and Iran are back to promoting the International North-South Transport Corridor as an alternative future option to the Suez Canal after a giant container ship went aground in the canal last month, disrupting global trade traffic for a week.
CAIRO — The disruption of global traffic in the Suez Canal in late March after the giant container ship Ever Given went aground prompted Russia and Iran to mention, once more, the International North-South Transport Corridor as an alternative option to the Suez Canal in the future.
The Russian and Iranian proposals raised questions as to whether the corridor could affect the revenues generated from the Egyptian canal.
