Fertiliser-maker Yara to stop buying potash from Belarus due to sanctions | Malay Mail

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OSLO, Jan 10 — Norwegian fertiliser maker Yara said today it will wind down purchases of potash from Belarus by April 1 as international sanctions made it impossible to continue the trade. Yara estimates that it buys 10-15 per cent of the annual output of state-owned Belaruskali, one of the...

OSLO, Jan 10 — Norwegian fertiliser maker Yara said today it will wind down purchases of potash from Belarus by April 1 as international sanctions made it impossible to continue the trade.

The company said its purchase of potash from Belarus had been in full compliance with the sanctions but would still have to come to a halt. This included logistical and financial services companies, even where such services could be lawfully provided, a Yara spokesperson added. Western powers accuse Belarus’ President Alexander Lukashenko of rigging a 2020 presidential election and have piled sanctions on his regime, including restrictions on potash exports.

 

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