Published on: August 23, 2021
What is in news : The Kanal Istanbul, an under-construction shipping route running parallel to the strategically critical Bosphorus Strait, is fast gaining prominence as a major divisive issue in Turkey before election.
- The planned canal will run parallel to the Bosphorus Strait, a natural waterway that separates Europe and Asia, which for centuries has served as a key outlet for Russian ships entering the Mediterranean Sea. Since 1936, passage through the Strait has been governed by the Montreux Convention, a multilateral treaty that allows ships to go across almost free of cost during peacetime, and which tightly restricts the movement of naval vessels.
- Turkish leaders say that the new canal, which will run on the European side of Bosphorus, will be safer and faster to navigate compared to the Bosphorus, making it a more attractive option for commercial ships, who will pay to pass through.
- Analysts also believe that Erdogan would use the canal to circumvent Montreux Convention, by marketing the mega project to NATO allies as a legally kosher way of sending their warships into the Black Sea to counter Russia, their major geopolitical rival, all while attracting Chinese investment.