The amount of damage from the blocking of the Suez Canal may amount to about $1 billion

Financial losses from the blocking of the Suez Canal, in which the container ship Ever Given previously ran aground, can reach $1 billion. This statement was made by the head of the waterway administration, Osama Rabia reports Reuters.

“Estimates, God willing, will reach a billion dollars,” Rabia said.

According to him, this amount includes the damage caused by the blockage, as well as the cost of removing the ship from the shoal.

Prior to that, Rabia said that the container ship Ever Given will be detained until the is completed.

Earlier, Egyptian President Abdel Fattah al-Sisi said that the Suez Canal will be unloaded within three days.

On March 23, the container ship Ever Given ran aground in the southern part of the Suez Canal, which caused the movement of ships in both directions to be completely blocked.

As stated by the representative of the Egyptian authorities, Mohab Mamish, the responsibility for the incident with the blocking of the channel lies with the captain of this vessel.

On March 29, rescuers managed to free the ship Ever Given after 27 thousand cubic meters of sand were extracted. It was later reported that navigation on the channel had resumed.

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