Panama Delists 6 Flagged Ships over UK Russia Sanctions

Panama will cancel the registration of six ships sailing under its flag after they were sanctioned by the UK last week. The delisting comes after Panama’s maritime authority in October pledged to penalize vessels sanctioned by the U.S., European Union, UK and United Nations. Moscow continues to export large volumes of crude despite sanctions by the West. “Safeguarding the prestige of our flag is a top priority for this administration. The state has a fundamental responsibility to protect the integrity of the Panamanian ship registry,…