Putin: Russia is ready to increase fertilizer exports – MIR

Russian President Vladimir Putin said Russian fertilizer exports were facing “artificial barriers” and said: “Global markets have been hit the hardest by the hurdles. We are ready to expand our work with all our partners in this area without exception.” said.In Moscow, Putin met with Dmitry Mazepin, one of the main shareholders of Uralchem, one of the largest fertilizer producers in the country, and chairman of the Fertilizer Producers Commission of the Russian Union of Industrialists and Entrepreneurs.Claiming that African countries have contacted Russia because of Western sanctions, Putin said: “Of course they can’t understand what’s going on. Because we constantly talk about the need to help poor countries, and even the fertilizer assistance that we want to provide for free is blocked. This is absolutely unacceptable.” he said.Noting that Russian fertilizer exports continue to grow, Putin said: Uralchem ​​is one of the largest fertilizer producers in the world. Despite the artificial barriers of some countries (export), I know that the work is going quite well. Global markets that suffer the most from barriers. We are ready to expand our work with all our partners in this area without exception.” said.

Three main problems of Russian fertilizer exports

Mazepin, one of Uralchem’s major shareholders and chairman of the Fertilizer Producers Commission of the Russian Union of Industrialists and Entrepreneurs, said that Russian fertilizer exports faced three main problems and said: “There are three main points. These are chartering of vessels, insurance and payments. Banks create a very serious obstacle. Because even a low-level lawyer working in any bank can block all payments. That is why we have learned not to work with dollars and euros. For example, we export fertilizers to Brazil in yuan.” Noting that they are prohibited from using euros and dollars, Mazepin said that many developing countries are ready to pay for fertilizers in yuan.