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"The vessel has been officially confiscated," Osama Rabi, head of the Suez Canal Administration, announced on Egyptian state television.
According to media reports, the largest Arab republic is demanding about $ 1 billion in compensation for damage to the channel and business losses associated with the blockage.
According to the Egyptian side, it is estimated at $ 3.5 billion, currently located in the Great Bitter Lake, about halfway along the Suez Canal.