Uncertainty reigns over sanctions-busting status of EU tankers
Political considerations will play a key role in whether the US decides to take action against the owners of 11 EU tankers, reported by Lloyd’s List as reflagged in Cyprus and circumventing Washington’s sanctions regime against Venezuela
‘I imagine the willingness of Cypriot officials to enforce unilateral US sanctions comes down to diplomatic pressure from Washington,’ says a Washington DC-based consultant specialising in sanctions policy. ‘But I don’t think folks at the State Department will be eager to twist the arms of Cypriot officials’
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