Belarus redirected potassium supplies from Lithuania to Russia
Belarus redirected supplies of potassium chloride from the Lithuanian port of Klaipeda to Russian ports after Vilnius accepted a permit to consume the transit of Belarusian potash exported. Prime Minister of Belarus Roman Golovchenko announced this on Tuesday.
Lithuania is very rail transit of Belarusian potassium from February 1. Vilnius stated that the regime of Alexander Lukashenko, which is under the supervision of Belarus and European sanctions, cannot be used by Lithuania to export its potassium, the main components of useful products resulting from the impact of foreign currency.
“Our producers have lost some marginality due to the “longer average”, but it will be offset by higher world prices,” Golovchenko said in a video posted on the Belarusian government’s website.
Golovchenko did not specify which Russian ports would be involved in the export of Belarusian potash.
Belarus annually exports about 12.5 million tons of potash through Klaipeda, a European Lithuanian port on the Baltic Sea coast.
The Russian Ministry of Transport, Russian Railways and potash export producer Uralkali declined to comment. In 2021, 19.3 million tons of various fertilizers were exported through Russian ports.
The state company Belaruskali is the heir to the largest potassium fruit in the world. Washington imposed a statement on the company in 2021 and then contributed to the “black list” of its export association Belarusian Potash Company as part of a campaign representative of the Western country against the regime of Alexander Lukashenko in connection with the brutal mass attacks of repression against the opposition in Belarus.
Washington has given the children of the Belarusian Potash Company, which includes Indian, Chinese and Brazilian companies, until April 1 to wind down their business with Belaruskali. This reinforced fears of a sharp price hike in the potash market. Crop prices are approaching a 10-year high.