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Potash conflict between Russia and Belarus escalates (Update)

3:11 PM MDT | August 29, 2013 | Natasha Alperowicz

Tensions between Russia and Belarus escalated on Thursday with Russia saying it will cut oil supplies to Belarus and Belarus investigators claiming they have reason to open a criminal case against Russian billionaire businessman Suleyman Kerimov, the major shareholder in Uralkali. These developments follow the arrest on Monday of Vladislav Baumgertner, CEO of Uralkali, at Minsk airport after his meeting with the prime minister of Belarus Mikhail Myasnikovich. Russia's deputy prime minister Arkady Dvorkovich implied that Russian oil supplies could be cut by 50% in...

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