• Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock
Editor's Pick

Russia sounds off on Trump’s threat to retake the Panama Canal

by January 21, 2025
written by January 21, 2025

Russia’s foreign ministry has called on President Donald Trump to reaffirm the current international agreement surrounding the Panama Canal and to leave it in control of the nation of Panama. 

Alexander Shchetinin, the director of Russia’s foreign ministry’s Latin American department, told Russian news outlet TASS that he expects Trump ‘will respect the current international legal regime’ of the canal as laid out in two 1977 treaties between the U.S. and Panama.

The agreement relinquished American control over the canal by the year 2000 and guaranteed its neutrality.

Trump has railed against Panama since his sweeping election win in November, accusing the Central American country of letting China dominate the critical maritime trade route and leaving U.S. ships getting ‘ripped off’ in the process.

During his inaugural speech on Monday, President Trump doubled down on his grievances and declared that the U.S. would be ‘taking it back.’

‘We expect that during the expected discussions between the leadership of Panama and President Trump on issues of control over the Panama Canal, which certainly falls within the sphere of their bilateral relations, the parties will respect the current international legal regime of this key waterway,’ Shchetinin said.

He said that 40 countries also joined a protocol agreement, of which Russia is one, to recognize the canal’s neutrality and to keep it ‘safe and open.’

‘[The U.S. and Panama] must protect the canal from any threat to the neutrality regime,’ Shchetinin said. ‘At the same time, a reservation was made that the said right of the United States to defend the Panama Canal does not mean and should not be interpreted as the right to interfere in the internal affairs of Panama, and any actions by the American side will never be directed against the territorial integrity or political independence of Panama.’

Trump has been critical of the agreement and said previously it was a ‘big mistake’ on Carter’s part.

‘The United States… spent more money than was ever spent on a project before and lost 38,000 lives in the building of the Panama Canal,’ Trump said at his inaugural address on Monday.

‘We have been treated very badly from this foolish gift that should never have been made. And Panama’s promise to us has been broken. The purpose of our deal and the spirit of our treaty has been totally violated.’

‘American ships are being severely overcharged and not treated fairly in any way, shape or form, and that includes the United States Navy. And above all, China is operating the Panama Canal. And we didn’t give it to China, we gave it to Panama, and we’re taking it back.’

The canal’s administrator, Ricaurte Vásquez, said this month that China is not in control of the canal and that all nations are treated equally under a neutrality treaty.

The 51-mile maritime trade route uses a series of locks and reservoirs to cut through the middle of Panama and connect the Atlantic and Pacific. The United States built the canal in the early 1900s as it looked for ways to facilitate the transit of commercial and military vessels between its coasts.

The canal spares ships having to sail around Cape Horn at South America’s southern tip, saving it a roughly 7,000-mile journey. 

Panama President José Raúl Mulino issued a statement rejecting Trump’s comments and said, ‘The Canal is and will continue to be Panama’s and its administration will continue to be under Panamanian control with respect to its permanent neutrality.’

‘There is no presence of any nation in the world that interferes with our administration,’ he added, taking issue with Trump’s suggestion that the U.S. ‘gave’ the canal to Panama.

‘Dialogue is always the way to clarify the points mentioned without undermining our right, total sovereignty and ownership of our Canal,’ Mulino said. 

Fox News’ Caitlin McFall and The Associated Press contributed to this report. 

This post appeared first on FOX NEWS
0 comment
0
FacebookTwitterPinterestEmail

previous post
4 Trump rivals that Biden didn’t pardon
next post
Trump not expected to carry through on Day 1 tariff threats

related articles

Department of Justice opens criminal investigation into NY...

May 9, 2025

Trump’s first vice president urges his old boss...

May 9, 2025

White House highlights over $2B in savings from...

May 8, 2025

GOP talk on millionaire tax hike ‘makes no...

May 8, 2025

Trump considers tax hike on Americans making $2.5...

May 8, 2025

GOP senators: Congress should vote on Trump’s potential...

May 8, 2025

Chief Justice Roberts doubles down on defense of...

May 8, 2025

Trump pulls his nomination for DC US attorney,...

May 8, 2025

Trump touts ‘rebuilding and modernization’ of US air...

May 8, 2025

Trump targets Iranian oil with sanctions, increasing pressure...

May 8, 2025
Enter Your Information Below To Receive Free Trading Ideas, Latest News, And Articles.


Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest News

  • RNC brings on new senior leadership to ‘work around the clock’ to support Trump agenda, elect Republicans

    February 12, 2025
  • DOJ suddenly located Biden biographer transcripts created by Robert Hur: watchdog

    August 15, 2024
  • Melania Trump’s abortion views in new memoir spur outrage from pro-lifers: ‘She is wrong’

    October 3, 2024
  • Blinken says Venezuela’s Nicolas Maduro lost election before claiming victory with ‘no supporting evidence’

    August 2, 2024
  • Ripple and Tron: Ripple is losing its bullish momentum

    August 29, 2024

Popular Posts

  • 1

    Secret Service admits leaning on ‘state and local partners’ after claim it ignored Trump team’s past requests

    July 21, 2024
  • 2

    Elon and Vivek should tackle US funding for this boondoogle organization and score a multimillion dollar win

    December 4, 2024
  • 3

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024
  • 4

    Five more House Democrats call on Biden to drop out, third US senator

    July 19, 2024
  • 5

    Biden calls to ‘lower the temperature’ then bashes Trump in NAACP speech

    July 17, 2024

Categories

  • Economy (829)
  • Editor's Pick (4,433)
  • Investing (593)
  • Stock (735)

Latest Posts

  • Biden concludes foreign diplomacy in region where US influence overshadowed by China

    November 15, 2024
  • Here’s the argument Trump hopes will net first major SCOTUS win in second term

    February 19, 2025
  • Trump says career gov employees working on policy will be fired if they don’t adhere to his agenda

    April 18, 2025

Recent Posts

  • 5 wild ways Democrats have embraced the Monty Python strategy of politics

    December 4, 2024
  • Babies R Us is back: Here’s why Kohl’s is betting on babies to drive its turnaround

    August 2, 2024
  • Trump nominates head of his personal security detail, Sean Curran, to lead Secret Service: ‘A Great Patriot’

    January 23, 2025

Editor’s Pick

  • Former Hamas hostage Naama Levy breaks silence in first message since her release

    January 28, 2025
  • Experts warn Iran’s nuclear double-talk designed to buy time, undermine US pressure

    April 4, 2025
  • Trump greets Netanyahu at Mar-a-Lago, says World War III could happen if Harris wins

    July 26, 2024
  • About us
  • Contacts
  • Privacy Policy
  • Terms and Conditions
  • Email Whitelisting

Disclaimer: moneyrisetoday.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2025 moneyrisetoday.com | All Rights Reserved

Money Rise Today – Investing and Stock News
  • Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock