At least 70 tanks are not included from the registry, and many twelve -two will be removed in the near future.
The Panama government plans to cancel the registration of the 128 vessels that come under the country’s flag after they fall under penalties in the US. This was reported by Bloomberg that there was a reference to the statement of the trade head of the trade under the Naval Administration of Panama Ramon Frank.
According to him, at least 70 tanks are not included in the registry, and dozens will be removed in the near future.
In February, the total number of Russian tanks included in the “black list” exceeded 270., according to penalties, according to S&P Global, there were vessels that brought half of sea oil exports from Russia, or 1.5 million barrels per day – about 1 million in China and nearly 500 thousand – directly to China itself.
As you know, the administration of former US president Joe Biden before the end of this term imposed sanctions against 183 tankers carrying Russian oil, twelve -two businessmen, as well as insurance companies.
The Panama’s decision was associated not only with the political position, but also to the reforms adopted in October 2023, which significantly accelerated the procedure for the exclusion of ships from the register. The earlier this process was occupied up to six months, it has now been reduced in a month. Refusal to register penalties will lead to a loss of up to $ 2 million income. But Panama shows the willingness to observe the penalties.
There were over 8,000 ships in the Panama register, for a long time it occupied a leading position as a convenient monastery for obtaining a flag for ships. However, in the context of strengthening penalties against Russia and Iran’s energy sectors, it has increased attention to courts from these countries. Some of them have already changed the country of registration, going to jurisdiction with softer rules, while others go to sea without flag.
Remember that US authorities announced new major sanctions against the Russian oil sector. New restrictions cover more than 400 individuals and Russian energy sector organizations, which directly or indirectly ensure that the Kremlin’s military funding.
It is also reported that Chinese-owned state-owned companies reduce oil extraction by the Russian Federation due to penalties.
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Source: korrespondent
I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.