CAIRO — The Russian war on Ukraine and subsequent US and Western economic and political sanctions on Russia have cast doubt on the fate of a Russian industrial zone, construction for which was scheduled to begin this year in the new Suez Canal Economic Zone.
The deputy chairman of the General Authority for the Suez Canal Economic Zone, Maj. Gen. Mohamed Shaaban, told the local Al-Borsa news site on March 6 that “ambiguity currently prevails" over the final paperwork for the establishment of the industrial zone "due to the Russian war on Ukraine.”
