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LONDON, July 21 (Reuters) – Cyprus has previously prevail over the decline of Russian maritime trade due to European sanctions and the Mediterranean shipping hub is chasing enterprise expansion in Japan and elsewhere in Asia as it appears to mature its flag, a senior federal government official mentioned.
Cyprus, jointly with Greece and Malta, which have the largest delivery fleets in the 27 member EU and host huge ship-management centres, have been the most vocal nations around the world in the bloc in search of to restrict the extent of shipping constraints imposed on Russia following its February invasion of Ukraine.
“Contrary to stories, the Register of Cyprus Ships is not dependent on ships of Russian passions or connected with Russia,” Cyprus Transport Deputy Minister Vassilios Demetriades informed Reuters.
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“Our approach is not to rely on any nation. We do have multi-dimensional shipping consumers that attracts company from unique segments in Europe and we are hunting to develop in Europe and Japan and wider Asia.”
Demetriades stated Cyprus had some ships registered from Russian-state run transport group Sovcomflot.
“There is a Russia ‘link’ to a smaller amount of Cyprus ships out of the complete of 1,100 registered.”
He added that pursuing programs manufactured by ship house owners “a number of ships have been deleted from the Register of Cyprus Ships or are in the course of action of deletion”.
“These ships seem to be related with Russian pursuits or to be managed from Russia,” he said.
“So far, the losses are workable and are not dangerous to the Cyprus registry. On the other hand, we need to have to tension that the choice of the flag of the vessel is the prerogative of the proprietors.”
In accordance to evaluation by details company Lloyd’s Record Intelligence, 15 ships linked to Sovcomflot had been continue to flagged with Cyprus.
Sovcomflot, which has been strike with EU and United kingdom sanctions as nicely as money increasing constraints in the United States, did not reply to a ask for for remark.
“With regard to Sovcomflot, it is observed that the business has already built other designs due to the fact it is incredibly complicated for them to work from Cyprus and their offices are now closed,” Demetriades said.
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Extra reporting by Reuters reporters, Enhancing by William Maclean
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