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MINSK, September 8 (Itar-Tass) - Resumption of cooperation with Russia’s potash fertilizer producer Uralkali becomes irrelevant for Belarus after it has created its own potash fertilizer trader.
“I think it is irrelevant to speak today about joint work or joint activity with Uralkali, when we have already taken a decision to create JSC Belarusian Potash Company in a new form,” Belaruskali acting deputy director-general for commercial issues and logistics Dmitry Prokhotsky told Belarus TV channel on Sunday.
Belarusian President Alexander Lukashenko decreed last week to create JSC Belarusian Potash Company instead of CJSC Belarusian Potash Company, because “relations that Belarus had been built with Uralkali proved that it was impossible to find a compromise,” he said. “Therefore a decision has been taken to set up a new trading company with the same name as Belarusian Potash Company has already been turned into a brand.”
Belarusian legal entities will act as shareholders of new Belarusian Potash Company, he said.
Focusing on preserving potash export markets, Prokhotsky said specialists of Belaruskali and JSC Belarusian Potash Company went to China, India and Brazil. “We hope that markets will be restored,” he said adding that there had already been some certainties on potash sales. “The main thing is that our potential customers have understanding that price collapse should be prevented on the market.”
JSC Belarusian Potash Company enjoys an exclusive right to trade potash fertilizers on foreign markets.