Belarus president hints at potash truce

|By:, SA News Editor

The president of Belarus hints for the first time at a possible resolution in the potash fight that has rocked global markets, suggesting he is open to the idea of sending the jailed Uralkali (URALL.PK) CEO back to Russia for prosecution there.

Belarus officials reportedly issued a copy of their case file against the CEO to Russian authorities last week as the first step in possibly sending him back to Russia, where he could stand trial without being held in custody.

Analysts say while a settlement in the potash case may be close, it is unclear if a renewed partnership would ever be able to restore the market to where it was.

POT -2.1%, MOS -1.3%, AGU -1.1%, IPI -3.9%, SQM -1.4%.