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Russia escalates dispute with Belarus, bans pork imports

Aug. 30, 2013 12:32 PM ETUralkali Jsc 144 A (URALL) StockSQM, MOS, IPI, URALL, NTRBy: Carl Surran, SA News Editor2 Comments
  • Russia continues to ratchet up the pressure on Belarus, banning pork imports from the country as it responds furiously to the arrest of Russian potash company Uralkali's (OTC:URALL) CEO.
  • Since Monday's arrest, Russia has announced a 25% cut in oil supplies to Belarus next month, threatened to extend the cuts for several months and hinted at possible restrictions on imports of Belarussian dairy products.
  • In a sign the breakup of the Russia-Belarus potash venture is causing problems for Belarus, state potash producer Belaruskali has suspended two of its four potash mine complexes for maintenance.
  • POT +1%, MOS +1%, AGU -0.1%, SQM +4%, IPI +0.9%.

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