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What is the Importance of the Suez Canal To Global Trade?
Manage episode 409265803 series 3070976
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The Houthi’s are Yemeni political actors. The Houthis, and Somali pirates have been launching direct kinetic attacks on shipping assets. China and Russia have not condemned the attacks. As the UN Security Council adopted a resolution condemning Houthi attacks, China and Russia abstained. What follows is an exploration of the current and potential effects of this disruption of international trade on economic welfare of the world in general and the East African region in particular.
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