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Regions :: Eastern Europe :: Russia
Uralkali withdraws from Belarus potash export cartel
1:57 PM MDT | July 30, 2013 | Francinia Protti-Alvarez
Uralkali (Berezniki, Russia), a leading producer of potash, has decided to stop selling potash through Belarusian Potash Co. (BPC; Minsk), an export cartel jointly operated by Uralkali and another leading potash producer, Belaruskali (Soligorsk, Belarus), Uralkali announced today. The company says it has redirected sales of all potash export volumes to its trading arm, Uralkali Trading (Geneva). The decision was made at a board meeting on 29 July. The move follows a decree by Belarusian president Alexander Lukashenko in December 2012 that canceled BPC's exclusive...
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