Andrey Melnichenko left EuroChem

EuroChem has announced that Andrey Melnichenko left his post as a member of its Board of Directors. Moreover, he is not the owner of EuroChem anymore.

Andrey Melnichenko made this decision after the European Union imposed sanctions against him, so EuroChem could continue to operate to supply its consumers with mineral fertilizers at the international level and ensure food security around the world.

“It’s quite possible that Andrey Melnichenko saved his EuroChem shares by transferring them to a firm that is not officially associated with him, or entrusting them to a relative or reliable partner. At least, this scenario shouldn’t be excluded,” said the information and analytical service of Fertilizer Daily.

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