The European Union has changed its mind
Even though the authorities of the European Union have established a ban on the import of mineral fertilizers from Russia from April 8, they are not going to completely abandon them.
As follows from their decision, the fifth package of sanctions will be in force only since July 10 this year, however, the import is allowed only under contracts concluded before April 9. From July 10, the EU will introduce year-long quotas for the supply of mineral fertilizers produced in Russia.
The quota for potassium chloride will amount to 837.57 thousand tons, for complex fertilizers (containing potassium) — almost 1.578 million tons. The quotas can be adjusted by the European Commission.
“Nothing is surprising that the EU allowed imports of mineral fertilizers right after its restriction. The European chemical industry is experiencing stagnation due to high prices for natural gas. However, even before the crisis, the EU couldn’t fully satisfy its demand for all types of mineral fertilizers needed by its farmers and the missing volumes were supplied from Russia,” commented the information and analytical service of Fertilizer Daily. “The authorities of the European Union were forced to ease sanctions to avoid a crisis in agriculture, already suffering from the high cost of mineral fertilizers.”