Fertilizer

The EU has given the "green light" to Russian fertilizer exporters


It is noted that the EU will ease sanctions against Russian businessmen Andrei Melnichenko and his wife Alexandra, Andrei Guryev, Vyacheslav Kantor, Dmitry Mazepin and Vadim Moshkovich. Their companies supply ammonia, coal, fertilizer and food.

According to the sources of the edition, these are “Eurochim”, “Uralchim”, “Rusagro”, “FosAgro” and “Akron”, whose owners were hit with sanctions, including freezing their assets in the EU and banning them from issuing visas to support the Russian military invasion of Ukraine.

It is reported that individual EU countries now have the right, after consultation with the EU Commission, to increase funds if necessary to finance food and fertilizer, especially to Africa.

The decision to relax personal sanctions against the Russians followed eleven-hour talks between the ambassadors on the sidelines of the EU summit in Brussels. It is noted that this decision opened the way to a broader compromise on the ninth package of economic and personal sanctions against Russia.

At the same time, Lithuania and Poland threatened to delay any decisions made if they were forced to freeze funds from Russian fertilizer producers in all 27 EU countries. France, Germany and the Netherlands, with the support of Belgium, Italy, Portugal and Spain, have actively insisted on easing sanctions on Russian fertilizers.

It clarifies that the thaw of fertilizer shipments to Russia is the first significant relaxation of the EU sanctions regime since the invasion of Russia in February. This happened against the background of Russian attacks on Ukraine's heat and water supply systems in the winter.

Recall that after the start of Russian military aggression against Ukraine in the sea ports of the European Union 300 thousand Tonnen of Russian fertilizers due to sanctions against ships and cargo from Russia.

At the end of November, the first batch of 20.000 tons of Russian fertilizer traveled from the port of Terneuzen in the Netherlands on the MV Greenwich ship (flag - Great Britain) chartered by the World Food Program of the United Nations (WFP) via Mozambique to Malawi via Mozambique. This was the first in a series of fertilizer shipments destined for countries on the African continent. The initiative is part of the agreements signed in Istanbul on July 22.

Russia claims that sanctions imposed after the war broke out are making it difficult for Russian grain traders and fertilizer traders to process payments and gain access to ships, insurance and ports. At the same time they have USA and the EU has repeatedly pointed out that food is not subject to sanctions.

Source: UkrAgroConsult (Ukraine)

All news
×