Bull Hedging
  • Politics
  • Stocks
  • Business
  • Investing
  • Politics
  • Stocks
  • Business
  • Investing

Bull Hedging

Politics

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

by admin January 22, 2025
January 22, 2025
Russia sounds off on Trump’s threat to retake the Panama Canal

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

previous post
Lauren Sanchez tones down look after backlash for racy inauguration outfit
next post
How the S&P 500 Reaches 6500 By March 2025

Related Posts

Hegseth orders ‘historic’ reduction in general officers in...

May 6, 2025

VP Vance to meet with Viktor Orbán in...

April 3, 2026

2028 Watch: Here are the Democrats who may...

December 30, 2024

Trump–Bolton feud back in focus after FBI raid:...

August 23, 2025

Rubio says US, Qatar on verge of finalizing...

September 16, 2025

President Trump urged to pardon 76-year-old grandmother, others...

January 22, 2025

Senate Democrats rebel against their own leadership over...

January 24, 2026

‘Sesame Street in Iraq’: USAID’s ‘wasteful and dangerous’...

February 6, 2025

Trump says he’s ‘not happy’ with Iran’s choice...

March 10, 2026

Inside the Situation Room, where Trump and his...

June 23, 2025

Recent Posts

  • Paramount accuses Netflix of ‘scorched-earth’ campaign against Warner Bros. deal
  • Team USA’s loudest supporters say FIFA pushed them to upper deck for World Cup
  • Jozy Altidore, now a broadcaster, is bullish on the U.S. making a deep World Cup run
  • Trump administration cites forced labor concerns as grounds for new tariffs
  • Congress invites NFL Commissioner Roger Goodell to testify about league’s use of streaming services

Recent Comments

No comments to show.

About Us

About Us

Design Magazine

Welcome to Design Magazine. Follow us for daily & updated design tips, guide and knowledge.

Stay Connect

Facebook Twitter Instagram Pinterest Youtube Email

Recent Posts

  • Paramount accuses Netflix of ‘scorched-earth’ campaign against Warner Bros. deal

    June 10, 2026
  • Team USA’s loudest supporters say FIFA pushed them to upper deck for World Cup

    June 5, 2026
  • Jozy Altidore, now a broadcaster, is bullish on the U.S. making a deep World Cup run

    June 4, 2026
  • Trump administration cites forced labor concerns as grounds for new tariffs

    June 4, 2026
  • Congress invites NFL Commissioner Roger Goodell to testify about league’s use of streaming services

    June 3, 2026
  • Jerome Powell warns politicizing the Federal Reserve would cost public trust

    June 2, 2026

Editors’ Picks

  • 1

    Environmental Approval for Boland Infield Studies & Update on Scaled Column ISR Test

    September 19, 2025
  • 2

    Small Caps are Set to Skyrocket in 2025—Here’s What You Need to Know

    December 12, 2024
  • 3

    Challenger Gold Doubles Ecuador Resource to 9.1¹ Million Ounces Gold Equivalent²

    April 9, 2025
  • 4

    Trump leaves China guessing what his next move is with unusual inauguration invitation

    December 15, 2024
  • 5

    Ad revenue should stabilize for media companies in 2025 — if they have sports

    December 31, 2024
  • 6

    Zinc Stocks: 4 Biggest Canadian Companies in 2025

    January 15, 2025
  • 7

    Zelenskyy thanks NATO, European leaders for backing his push to join Trump‑Putin summit

    August 11, 2025
Promotion Image

banner

Categories

  • Business (688)
  • Investing (3,251)
  • Politics (4,077)
  • Stocks (1,072)
  • Terms and Conditions
  • Privacy Policy

Copyright © 2026 bullhedging.com | All Rights Reserved