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Regions :: Eastern Europe :: Russia

Uralkali calls for CEO's release from detention; posts lower sales, earnings

2:18 AM MDT | September 11, 2013 | Natasha Alperowicz

Uralkali (Berezniki, Russia), one of the global-leading producers of potash, has announced a major decline in revenues and earnings in the first six months of this year. The company is in dispute with Belarussian authorities following its withdrawal from Belarussian Potash Co. (BPC; Minsk), an export cartel owned and operated jointly by Uralkali and Belaruskali (Soligorsk, Belarus), which led to the 26 August arrest of Uralkali’s CEO Vladislav Baumgertner for alleged abuse of power as he was leaving the Minsk airport after a meeting with Belarus prime...

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