Houthis Protect Chinese and Russian Shipping, Target Global Shipping
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Latest Developments
The Houthis in Yemen announced on January 19 that they would permit Chinese and Russian vessels to safely transit the Red Sea. The same day, the Chinese Ministry of Commerce called on the Houthis to cease “harassment” of commercial shipping and announced unspecified future efforts to protect regional seaborne commerce. Nevertheless, the price of shipping a 40-foot container between Europe and China increased by 260 percent within the past month, pressuring countries that rely on shipping through the Red Sea.