Russian tankers are looking for new flags to bypass sanctions.
Russian oil tankers will be forced to change flags due to the pressure of sanctions from the United States and the United Kingdom. According to Bloomberg, the Barbados ship registry will require 46 vessels to remove the country's flag due to UK sanctions. Of these vessels, 14 are also subject to US sanctions. Additionally, the Panama ship registry is removing 68 vessels from its list, which are also subject to US sanctions.
This has a negative impact on the Russian logistics system that facilitates the transportation of oil and military machinery for Russia. Although all ships will receive new flags, this is yet another step towards limiting Russian exports.
Replacing the Barbadian flag poses a significant challenge for Russian shipping, as the Barbados ship registry is one of the most authoritative ship registries in the world.
Read also
- Trump's Special Envoy, Kellogg, Discussed the Plan to End the War in Ukraine Within 100 Days
- Umerov dismissed the leadership of defense procurement: the minister voiced the reason
- 'He needs to return to reality': Yermak reacted to Putin's statements about negotiations
- Putin stated his readiness for negotiations with Ukraine under certain conditions
- The Ministry of Foreign Affairs of Ukraine responded to the Russian ultimatum on refusing to join NATO
- Saudi Arabia will invest $600 billion in the U.S. economy during Trump's presidency