Exclusive Webinar :Gain complete knowledge about how you can invest in global markets during an insightful webinar on April 16 at 11 am. Register Now!
you are here: HomeNewsWorld

Beleaguered Syria suffers also due to Suez Canal closure

A giant container ship remained stuck sideways in the Suez Canal for a fifth day Saturday, as authorities prepared to make new attempts to free the vessel and reopen a crucial east-west waterway for global shipping.

March 27, 2021 / 08:42 PM IST
At least 150 ships were waiting for the Ever Given to be cleared, including vessels near Port Said on the Mediterranean Sea, Port Suez on the Red Sea and those already stuck in the canal system on Egypt’s Great Bitter Lake, said Leth Agencies, which provides services for the canal. (Image: AP)

At least 150 ships were waiting for the Ever Given to be cleared, including vessels near Port Said on the Mediterranean Sea, Port Suez on the Red Sea and those already stuck in the canal system on Egypt’s Great Bitter Lake, said Leth Agencies, which provides services for the canal. (Image: AP)

Syria has begun rationalizing the distribution of fuel in the war-torn country amid concerns of delays of shipments arrivals resulting from a giant cargo ship wedged in Egypts Suez Canal, the Oil Ministry said Saturday.

A giant container ship remained stuck sideways in the Suez Canal for a fifth day Saturday, as authorities prepared to make new attempts to free the vessel and reopen a crucial east-west waterway for global shipping.

MC Exclusive | Suez Canal container ship partly refloated, authorities line up plans to clear traffic jam, says letter

Even before the skyscraper-sized Ever Given, carrying cargo between Asia and Europe, ran aground Tuesday, Syria had been suffering from fuel shortages mostly caused by Western sanctions.

Syria has been struggling with deteriorating economic conditions, shortages of basic goods and medicine, and have been forced to wait in long lines to buy subsidized bread and fuel.

Close

The Oil Ministry said that while waiting for the return of shipping traffic to normal through the Suez Canal, and in order to ensure the continued provision of basic services to Syrians at bakeries, hospitals, water stations and telecommunications centers, the ministry is currently rationalizing the distribution of available quantities of oil derivatives of diesel and gasoline.

It added that the measures aim to ensure their availability for the longest possible period.

Earlier this year, the Syrian government raised the price of fuel, including subsidized prices, by more than 50%, in the third increase this year. It also raised the price of cooking gas.

Nearly 80% of Syrians live in poverty, and 60% are food insecure the worst food security situation ever seen in Syria, according to the United Nations.

A decade of conflict has caused huge devastation to the Syrian economy, isolated its government and displaced its people, driving most of them into poverty. The pandemic restrictions have added to pressure on the economy, compounded by the financial crisis in neighboring Lebanon, which has been a bridge to Syria economically and financially.

More than half a million people have been killed in Syrias 10-year conflict that has also left the countrys infrastructure in ruins and most of its oil and agriculture resources outside of government control.
Associated Press
first published: Mar 27, 2021 08:42 pm

stay updated

Get Daily News on your Browser
Sections