A UN Security Council committee on Monday blacklisted the operator of a North Korean ship, which was seized near the Panama Canal last year for smuggling Soviet-era arms, including two MiG-21 jet fighters, under thousands of tonnes of sugar.
Venezuelan President Nicolas Maduro and Panamanian president-elect Juan Carlos Varela have pledged to waste no time in normalising relations and relaunching diplomatic, economic and trade ties cut off two months ago, Venezuela`s foreign ministry said Monday.
Venezuela`s President Nicolas Maduro said Wednesday his government was breaking diplomatic relations with Panama after the country proposed a meeting of North and Latin American nations over protests in Caracas.
Panama President Ricardo Martinelli on Monday blamed the Panama Canal`s former administrator for the crisis surrounding its massive expansion project -- where work has been halted over a billion-dollar payment dispute.
Negotiations over massive cost overruns in the expansion of the Panama Canal appeared to run into trouble when one of the companies involved demanded more than USD 1 billion to continue work on the project.