Russia recommends temporary suspension of fertilizer exports – 03/04/2022 at 16:37


RUSSIA RECOMMENDS TEMPORARY SUSPENSION OF FERTILIZER EXPORTS

MOSCOW (Reuters) – Russia’s Ministry of Industry and Trade said on Friday it had recommended domestic fertilizer producers to temporarily suspend exports in view of the geopolitical situation and its consequences.

“In view of the current situation with foreign logistics operators and the associated risks, the ministry had to recommend to Russian producers to temporarily suspend foreign shipments of Russian fertilizers, until transporters resume a rhythm of work and provide guarantees that Russian fertilizer exports will be fully insured,” reads a statement.

The conflict between Russia and Ukraine has already caused an increase in the prices of agricultural inputs. Sanctions taken by the United States and the European Union against Moscow, and more particularly Russian financial transactions, are hampering exports.

(Moscow office, French version Sophie Louet)



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