Uralkali not to resume partnership with Belarus yet

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There have been no negotiations with Belarus about it since April, interfax.ru reports. No negotiations are being conducted now and no new meetings are planned.

Uralkali and Belaruskali started selling potash fertilizers with the help of Belarusian Potash Company in Minsk in 2005. Uralkali stopped cooperating with the company in July 2013 and announced its new strategy – amount is bigger than prices. It made the world potash prices go down. The prices have started restoring only recently.

Shareholders have changed after the breakup with Uralkali. Suleiman Kerimov sold 21.75% of Uralkali shares to Mikhail Prokhorov. Dmitri Mazepin’s Uralkhim bought 19.99% of Uralkali shares. Ex-deputy CEO of Uralkhim Dmitri Osipov headed the company.

Alyaksandr Lukashenka suggested considering further cooperation to Mazepin in April.

Photo: stock-talk.ru