Norway’s Yara to continue buying Belarus potash fertilizers with respect for EU restrictions
<p> MINSK, Jul 19 - PrimePress. Norwegian fertiliser maker Yara will continue to buy potash from Belarus with imports little affected by the European Union trade restrictions targeting Minsk, Yara Chief Executive Svein Tore Holsether told Reuters. </p> <p> </p> <p> “We have flexibility, but we have chosen to continue buying from Belarus,” said Svein Tore Holsether. </p> <p> </p> <p> He said Yara was observing the restrictions set by the EU and that it would only continue to import potash as long as it could have a positive impact on workers rights in Belarus. </p> <p> </p> <p> Holsether said the sanctions had had “some” impact on Yara’s potash imports so far, but declined to say how much. </p> <p> </p> <p> As previously reported, the EU imposed sanctions against major sectors of the Belarusian economy, which took effect on 25 June 2021. This includes a ban on the purchase, import or movement through the EU territory from Belarus of oil products and potassium chloride products. All bans imposed by the EU on Belarus do not apply to contracts entered into before 25 June 2021. In addition, the EU ban at this stage does not apply to the main product of Belaruskali - potassium chloride with 60% potash content of 60%, which is the most used potash fertilizer in the world. </p> <p> </p> <p> According to the publication in the Official Journal of the EU, potassium chloride with K2O content of less than 40% and more than 62% (technical potash, which is used in metallurgy, chemical, petrochemical and other industries) falls under the ban. The list of products banned for import from Belarus also includes compound fertilizers containing potassium chloride (produced by Belaruskali and the Gomel Chemical Plant). End </p> <p> </p> <p> </p>
2021-07-20
Primepress
Norway’s Yara to continue buying Belarus potash fertilizers with respect for EU restrictions
MINSK, Jul 19 - PrimePress. Norwegian fertiliser maker Yara will continue to buy potash from Belarus with imports little affected by the European Union trade restrictions targeting Minsk, Yara Chief Executive Svein Tore Holsether told Reuters.
“We have flexibility, but we have chosen to continue buying from Belarus,” said Svein Tore Holsether.
He said Yara was observing the restrictions set by the EU and that it would only continue to import potash as long as it could have a positive impact on workers rights in Belarus.
Holsether said the sanctions had had “some” impact on Yara’s potash imports so far, but declined to say how much.
As previously reported, the EU imposed sanctions against major sectors of the Belarusian economy, which took effect on 25 June 2021. This includes a ban on the purchase, import or movement through the EU territory from Belarus of oil products and potassium chloride products. All bans imposed by the EU on Belarus do not apply to contracts entered into before 25 June 2021. In addition, the EU ban at this stage does not apply to the main product of Belaruskali - potassium chloride with 60% potash content of 60%, which is the most used potash fertilizer in the world.
According to the publication in the Official Journal of the EU, potassium chloride with K2O content of less than 40% and more than 62% (technical potash, which is used in metallurgy, chemical, petrochemical and other industries) falls under the ban. The list of products banned for import from Belarus also includes compound fertilizers containing potassium chloride (produced by Belaruskali and the Gomel Chemical Plant). End