US, allies pressure Liberia, Marshall Islands, Panama over Russia oil sanctions

The US, EU, and UK are pressuring Liberia, the Marshall Islands, and Panama to increase oversight of ships carrying their flags to ensure they do not transport Russian oil sold above the price cap, a source who has seen the communications to the countries said, Report informs, citing Reuters.

The letters warn the three countries of increased circumvention of the G7's price cap on Russian oil and of the high level of risk attached to vessels that do not carry Western insurance and other services and that are seeking other flags, the source said. The three countries themselves are not at risk of Russian sanctions.

Embassies in Washington for the three countries did not immediately respond to requests for comment.