Panama made this decision in relation to those vessels that are connected to Russia
This list includes tankers, some of which have already been seized
Losses due to the flag revocation have already amounted to more than $2 million
This is how Panama responded to the sanctions imposed by the United States
“The country cannot remain aloof from the challenges associated with sanctions” — Director General of the Panama Maritime Authority Ramon Frank
The Panamanian ship registry remains one of the largest in the world, with more than 8,000 ships under its fla
