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Belarus Aims to Channel Potash Via Russia, But Risks Elevated Tensions with the West

RUSSIA
  • BELARUS CAN CHANNEL POTASH EXPORTS TO RUSSIAN PORTS
  • Belarus Transport Minister says Belarus is ready to redirect the export of potash fertilizers to the ports of the Leningrad region and Murmansk if Lithuania refuses to continue transshipment of Belarusian potassium chloride
  • "We signed an agreement with the Russian Federation in February. In fact, since February, we have transported about 1 million tons of oil products to Russian ports. Accordingly, we have an alternative. These are the ports of the Leningrad region, Murmansk.
  • These schemes have been worked out. Therefore, we will react very promptly to changes or introduction of any additional restrictions on the transportation of potash fertilizers" - IFX
  • While this may be a net positive for Belarus, signs of Russian influence in circumventing sanctions will likely bolster tensions with Russia & the West
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
BulletEM BulletEmerging Market NewsHomepage
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
BulletEM BulletEmerging Market NewsHomepage

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