Belaruskali seeks $12 billion from Lithuania over halted potash transit

Belaruskali has initiated legal proceedings at the Permanent Court of Arbitration, seeking $12 billion in damages from Lithuania for the halted transit of its potash fertilizers.
In January 2022, the Lithuanian government annulled a cargo transportation agreement between Belaruskali and the railway operator Lietuvos Geležinkeliai, effectively stopping the movement of Belarusian potash through Lithuania. Belaruskali contends that this termination was unlawful.
A tribunal consisting of three arbitrators has been established to review the case, with proceedings set to be held in Geneva.

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Johan Fredin
August 22, 2024, 07:57 pm
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