The wind-down period implemented by the new general . Communications of war war. The government's plans angered the Lithuanian opposition, which predicted that as a result of such actions, the national economy could lose hundreds of millions of euros. CONTACT DETAILS. EU, UK, U.S. and Canada impose coordinated Belarus sanctions Belarus says it will retaliate against sanctions, faces... The third paragraph says that JSC "Belarusian Potash Company" receives the right to use the word "Belarusian" in its name (in details of documents or promotional materials) and to have a seal, stamps and letterheads with the image of the State Emblem of the Republic of Belarus. Brussels imposed sanctions on Belarusian potash with a potassium content of less than 40% or more than 62% in the dry product. "The losses will be too great": why does Lithuania intend ... Belarusian Potash Company (BPC), the commercial arm of the Belarusian potash producer Belaruskali, sent a statement to Brazilian customers on Wednesday saying it won't be able to meet contracts due to sanctions imposed on the nation by Europe and the U.S., according to the Brazilian newspaper Valor Economico. "The measures do not cover the key Belarusian potash export, potassium. Treasury Expands Sanctions Against Belarusian Regime with Partners and Allies. Starobin potassium salts basin is one of the largest in the world and . Roman Golovchenko - Vice-chairman . Is there a chance for Belarusian potash fertilizers to be excluded from the sanctions list? OFAC Imposes Sanctions on Belarusian Sovereign Debt ... EU Imposes New Extensive Sanctions on Belarus | 06 | 2021 ... All Categories. Uralkali, Cargill, Agrium, JSC Belaruskali . The latest sanctions include blocking sanctions and asset freezes, as well as new restrictions on US persons dealing in Belarusian sovereign debt. The cartel arrangement between the Belarusian Potash Company and its Russian partner Uralkali ended on July 29th, breaking up the world-wide pricing consortium and . The state-owned company JSC Grodno-Azot is considering halting its production, since the war in Ukraine and sanctions against the company make it impossible for it to ship its products. We have adopted today, with respect to Belarus, the largest package of sanctions, listing 86 individuals and entities and, in particular, targeting those behind the hijacking of the plane with Mr.. New Push for Sanctions on Belarusian Potash - WSJ The Department for International Trade (DIT) has overall responsibility for trade sanctions licensing. "Belaruskali would certainly be a target of Russian potash magnates such as [Suleyman Kerimov], the owner of PJSC Uralkali, who has long had his eye on the company." "We are making adjustments to our sales plan for August in online mode," Belaruskali's distributor, JSC Belarusian Potash Co., told Market Intelligence on Aug. 18. Treasury Expands Sanctions Against Belarusian Regime with Partners and Allies. To analyze a category Why You Should be Interested in Belarusian Potash Mining. OFAC is also issuing Belarus General License 5, "Authorizing the Wind Down of Transactions Involving Open Joint Stock Company Belarusian Potash Company or Agrorozkvit LLC." Sanctioned legal entities - sanctions.nazk.gov.ua On December 2, 2021, the Treasury Department's Office of Foreign Assets Control (OFAC) expanded its Belarus-related sanctions program by imposing restrictions on dealings in Belarusian sovereign debt and adding 32 individuals and entities to its List of Specially Designated Nationals (SDN List). Until it was made the object of EU sanctions in 2011, Beltechexport, which sells refitted Russian materiel, used to have an office in a Paris suburb . The new company may help minimise the risks of the Belarusian potash industry, a key supplier of foreign currency to the state budget, becoming a target of any extension of the economic sanctions . Belaruskali workers attend a meeting on Monday to prepare for a strike action. A U.S. lawmaker is targeting Belarusian potash after a corporate split allegedly led to sanctions evasion by the world's biggest potash miner. Global Ag News for Feb 18.22 - ADM Investor Services US Sanctions . The Infobank edition has studied the situation, and translated the pieces in the document on the imposition of the sanctions, related to the financial sector of Belarus: (8) Furthermore, restrictions on access to Union capital markets should be imposed in relation to the Belarusian Government, as well as Belarusian state-owned financial . The US and Canada are also announcing new sanctions measures today, 9 August, one year on from the fraudulent election in Belarus. WASHINGTON -- Today, the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC), in response to . In 2020, Ukraine ceased contact with Belarus after the reelection . . For general guidance on export controls and trade sanctions, contact the Export Control Joint . Cargo carrier JSC Transaviaexport Airlines; Open Joint Stock Company Belarusian Potash Company (BPC) and its subsidiary Agrorozkvit LLC; . Belarus General License 5 and Directive 1. Consolidated Canadian Autonomous Sanctions List. The European Union has implemented new sanctions against Belarus, which include asset freezes on prominent Belarussian businessmen; restrictions on Belarus' petroleum, potash and cigarette industries; and capital market restrictions on the Belarus government and certain Belarus state-owned financial institutions. Website: www.belpc.by E-mail: info@belpc.by. PR for Belarusian potash . 31, 2022 Peleng JSC X Republican State Public Association Presidential Sports Club X Republican Unitary In addition to the activity based sanctions there are a number of individuals and companies targeted by the sanctions, including JSC Belarusskali, one of the world's largest potash manufacturers, which has been . A list of all sanctions that have been issued by the government of Canada that affect individuals and entities can be found within the Consolidated Canadian Autonomous Sanctions List. Canada is imposing new sanctions in response to Russia's unprovoked and unjustified invasion of Ukraine. The sanctions will hit several sectors of the Belarusian economy, including timber, steel and potash. The power of war. MOP prices have already started to rise in Brazil due to supply delays. Logistics of war. Ukraine is among the jurisdictions that have applied certain sanctions against the current Belarusian regime. On December 2, 2021, the Department of the Treasury's Office of Foreign Assets Control (OFAC) announced the expansion of sanctions against Belarus in response to the Lukashenka regime's continued "disregard for international norms." The actions taken by OFAC pursuant to Executive Orders 14038 and 13405 include 35 new designations to the Specially Designated Nationals and Blocked . But while the EU prohibited the purchase, import or. Belarus accounted for about 17.6%, or 12.2 million tonnes, of global production of potash, a key ingredient in fertilizer, in 2020. With both its north-western and southern transport routes close off due to sanctions from Lithuania and war in Ukraine, one of Belarus' largest potash producers JSC Grodno-Azot is considering halting its production. The country has not yet imposed sanctions. December 8, 2021 On December 2, 2021, the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) announced expanded sanctions against Belarus, including significant sanctions that impact the financial services, defense, and potash sectors of the Belarus economy. Belarus accounts for approximately 20% of global potash exports which are supplied to more than 130 countries. The United States has imposed new sanctions against Belarus, according to the website of the US Treasury. Ukrainian sanctions. On December 2, 2021, the Treasury Department's Office of Foreign Assets Control (OFAC) expanded its Belarus-related sanctions program by imposing restrictions on dealings in Belarusian sovereign debt and adding 32 individuals and entities to its List of Specially Designated Nationals (SDN List). The sanctions, which cut Belarus off from major sources of foreign revenue, including oil products and potash exports, follow the interception of the Ryanair plane flying between Athens and . The EU sanctions introduced on June 24th also imposed restrictions on the transport of Belarussian petroleum products and potash. The Baltic country decided to block the transportation of potash fertilizers after the imposition of US sanctions against the Belarusian enterprise. Public and military formations. On 2 December 2021, OFAC also issued Belarus General License 5, "Authorizing the Wind Down of Transactions Involving Open Joint Stock Company Belarusian Potash Company or Agrorozkvit LLC" and the accompanying frequently asked question, FAQ 939. The European Union has implemented new sanctions against Belarus, which include asset freezes on prominent Belarussian businessmen; restrictions on Belarus' petroleum, potash and cigarette industries; and capital market restrictions on the Belarus government and certain Belarus state-owned financial institutions. RESEARCH STUDY SA #01/2015EN, 16 April 2015 BELARUS'S POTASH SECTOR: REASONS AND CONSEQUENCES OF BREAK-UP WITH URALKALI Andrei Yeliseyeu, Aliaksandr Autushka-Sikorski Summary The potash sector has become an increasingly important industry for Belarus ever since 2005, when Belarusian Potash Company (BPC) was established and world prices for potash started growing. The reason was the migration crisis on the Belarusian-Polish border . "The measures do not cover the key Belarusian potash export . Targeting Belarus' potash sector was a strategic move insofar as the country is the second largest exporter of the fertilizer behind Canada, covering 21 percent of the world's potash exports in 2019. Kidma Tech OJSC ( Kidma Tech) and JSC Peleng ( Peleng) are key firms in the Belarusian defense industry. Potash (n.): a form of potassium that is used especially to improve soil or to make soap. A prolonged price rally is expected in the global potassium chloride (MOP) market owing to anticipated supply chain disruptions after the U.S., the UK, Canada and EU countries have imposed sanctions on a major supplier, Belarus Potash Company (BPC). For example, in 1992, Belaruskali, Uralkali and Silvinit created International Potash Company CJSC. These designations follow OFAC's August 9, 2021 designation of the major potash entity in Belarus, the Belarusian SOE Belaruskali OAO. increased sanctions on the potash sector of the belarus economy OFAC is designating additional entities to limit the financial benefits that the Lukashenka regime derives from potash exports. Britain imposed sanctions against the head GUBOPiK. Industrials of war. The inclusion of these names on this list is for . For more information on earlier US, UK, and Canadian sanctions related to Belarus, see our August 13, 2021, blog post and April 19, 2021, blog post. As per media reports, the US Sanctions against Belaruskali OAO, Belarus's only potash miner, came into force on December 8, while penalties against Belarusian Potash Company that exports all the . × Contact this company . U.S., EU and UK Escalate Belarus Sanctions December 15, 2021 On December 2, 2021, the United States, the European Union ("EU"), the United Kingdom ("UK") and other allies took coordinated action to designate various individuals, entities, and aircraft connected to human rights abuses by Belarussian President Alexander Lukashenko and his regime. 14038 and 13405, which authorize OFAC to impose sanctions on the Government of Belarus and key sectors of the Belarusian . and JSC NNK, the only . On February 16, Ukrazaliznytsia will suspend the transit of Belarusian Potash Company's products to Slovakia, Hungary, Poland, Austria, the Czech Republic, Romania, the Baltic States and the Commonwealth of Independent States. Energy and materials of war. JSC Belarusian Potash Company, the export trading arm of Belaruskali, [.] . on 24 june 2021, the european union has introduced restrictions on potash trade with belarus as a reaction to "the escalation of serious human rights violations in belarus and the violent repression of civil society, democratic opposition and journalists, as well as to the forced landing of a ryanair flight in minsk on 23 may 2021 and the related … On December 2, 2021, the Department of the Treasury's Office of Foreign Assets Control (OFAC) announced the expansion of sanctions against Belarus in response to the Lukashenka regime's continued "disregard for international norms." The actions taken by OFAC pursuant to Executive Orders 14038 and 13405 include 35 new designations to the Specially Designated Nationals and Blocked Entities (SDN . RUSSIA EUROPEAN UNION. Science and education of war. exports of oil and oil products, and JSC Belarusi an Potash Company - a joint venture of Belaruskali and Russian OJSC Uralkali, speciali sing in supply of potash ferti lisers to foreign markets . Natalia Buguk, prakurorki. ⚡️EU diplomats approve new sanctions against Belarus. Financials of war. Following increased sanctions on Russian banks and a new Executive Order banning investment in the Russian Federation (reported by Foley Hoag here), on April 7, 2022, the U.S. sanctioned two major Russian state-owned enterprises: Public Joint Stock Company Alrosa ("Alrosa") and United Shipbuilding Corporation ("USC"). Sanctions on the Belarus Potash Company (BPC) imposed by the U.S., the UK, Canada, and the EU could lead to global supply chain disruptions. The Belarusian Potash Company, Transaviaexport, Slavkali and Beltechexport currency calculator have also been sanctioned. But Belarus' democratic opposition criticized the EU's potash sanctions as having loopholes — according to some, they cover only 15 . The Norwegian company Yara is the world's largest fertilizer producer and one of the main trade partners of Belaruskali. The sanctions affected the Agate Electromechanical Plant, Beltechexport, Slavkali, the 140th Repair Plant, Transaviaexport, the Belarusian Potash Company, Peleng, the Central Resort, and the Presidential Sports Club. Others. Company Slavkali X OOO Gardservis X JSC Agat-Electromechanical Plant X X Listed on July 21, 2020 X Listed on Dec. 17, 2020 JSC Transaviaexport Airlines X Kidma Tech OJSC X OJSC Belarusian Potash Company X Wind down License through Mar. In June 2021, the European Union imposed sanctions against Belarusian fertilizers with a potassium content of less than 40% and more than 62%. These further sanctions follow designations that the UK imposed . The company operates in the Starobin basin, source of potassium salts and including four mining departments, service shops and service units. Ukraine suspends transit of Belarusian potash fertilizers to European and CIS countries indefinitely. DUBLIN, March 24, 2022--The "Global Potash Market Outlook to 2027" report has been added to ResearchAndMarkets.com's offering. Following increased sanctions on Russian banks and a new Executive Order banning investment in the Russian Federation ( reported by Foley Hoag here ), on April 7, 2022, the U.S. sanctioned two major Russian state-owned enterprises: Public Joint Stock Company Alrosa ("Alrosa") and United Shipbuilding Corporation ("USC"). SDN Designations and General . For example, under the 2011-2015 agreement, BPC supplied Yara with over 1 million tonnes of potash fertilizers annually. View as PDF (1.42 MB); View as XML (374 KB); The Consolidated Canadian Autonomous Sanctions List includes individuals and entities subject to specific sanctions regulations made under the Special Economic Measures Act (SEMA) and the Justice for Victims of Corrupt Foreign Officials Act (JVCFOA).. Last week's sanctions were imposed pursuant to Executive Orders (E.O.) JSC Belarusian Potash Company. Andrew Parshina, Judge. 2022-02-15T09:54:07.784Z. Belarusian exports. If an Indian company is looking to pick up a 20 percent stake in the fertilizing company, the price could range from $4 billion upwards to $7.2 billion, based on both estimates. Dmitriylukashenko . The Department of the Treasury's Office of Foreign Assets Control (OFAC) is publishing Belarus Directive 1 under Executive Order 14038. A. EU designation criteria and designations Alina Kasyanchik Tel: +375 173 093010 . Aug. 10, 2021, 9:26 AM OFAC has announced sanctions on major producer Belaruskali Trader handling Belarus exports not included in sanctions list Potash buyers fretting over U.S. sanctions on Belarus's state-owned producer, which controls about a fifth of the global market for the crop nutrient, might not need to panic right away. 35, Masherova ave Minsk 220002 Belarus. Sanctions on the Belarus Potash Company (BPC) imposed by the U.S., the UK, Canada, and the EU could lead to global supply chain disruptions. The Republic of Belarus owns a 100% stake in Belaruskali, but the potash giant is inextricably connected with Russia. The Belarusian Potash Company traditionally works with it under five-year contracts. The United States imposed new sanctions against Belarus, followed by a new package of restrictions adopted by the European Union and the United Kingdom. Belaruskali OAO (Belarus) Belaruskali OAO is one of the largest in the world and the largest in the CIS producer of potash fertilizer. Before proceeding to adding parties to its Belarus sanctions list, on 15 November 2021, the EU broadened the listing criteria through which Belarusian individuals and entities may be designated and introduced exceptions to the existing prohibitions on providing insurance/re-insurance. Kidma Tech — formerly known as BSVT-New Technologies until a recent rebranding — produces and exports defense equipment, including surveillance systems, on behalf of the Lukashenka regime. June 11, 2015 4:59 pm ET The U.S. is looking into a request by two senators to investigate whether JSC Belaruskali is evading trade sanctions, a move that could stop the push into the U.S. by the. The U.S. Sanctions against Belaruskali OAO, Belarus's only potash miner, came into force on Dec 8, while penalties against Belarusian Potash Company, that exports all the potash from the country, should become effective April 1. The Sanctions List Search tool uses approximate string matching to identify possible matches between word or character strings as entered into Sanctions List Search, and any name or name component as it appears on the SDN List and/or the various other sanctions lists. Andrey Melnichenko (Russian: Андрей Игоревич Мельниченко; Belarusian: Андрэй Мельнічэнка; born 8 March 1972) is a Russian billionaire entrepreneur and philanthropist.. He is the founder and ex-beneficiary of fertilizer producer EuroChem Group and coal producer SUEK, and was a non-executive director in both companies until 9 March 2022. Previously, the US sanctions against a number of enterprises and entities in Belarus took effect on December 8 last year, including the only local potash producer - Belarus potash plant, and the sanctions against its trading company, the Belarusian potash company, which exports all potash in the country, will also take effect on April 1 this year. Limited exports from Canada will be another factor instigating price growth. Brussels imposed sanctions on Belarusian potash with a potassium content of less than 40% or more than 62% in the dry product. Among the designations are Open Joint Stock Company Belarusian Potash Company, which serves as the primary trade and export organ of previously sanctioned Belaruskali OAO, one of the largest potash suppliers in the world, and cargo carrier JSC Transaviaexport Airlines. . EU sanctions targeting Belarus now apply to a total of . U.S. sanctions targeting Belarus' potash sector are sowing chaos through broader fertilizer supply chains as analysts and industry grapple with uncertainty over how much supply will get to market. Story continues and JSC NNK, the only . A third of MMK's shares belonged to Belarus, but in the wake of protests and criticism of the Lukashenko regime in the early . Shares of global potash producers rose on Thursday after sanctions on Belarus Potash Company (BPC), which is the exporting arm of Belarusian state potash producer Belaruskali and Minsk's main . In particular, the US sanctions, according to the US Treasury Department, concern the Belarusian sovereign debt, 20 individuals and 12 legal entities, including Dmitry Lukashenko, the middle son of the Belarusian ruler. To aid users of the tool, Sanctions List Search contains a feature entitled . The company is a key supplier to large buyers including . Following the August 2021 designation of Belarusian SOE Belaruskali OJSC, OFAC has expanded its sanctions targeting Belarusian potash exports by adding to the list of Specially Designated Nationals ("SDN") several new entities: Open Joint Stock Company Belarusian Potash Company ("BPC"), Agrorozkvit LLC ("Agrorozkvit"), and In light of U.S. sanctions against Belarusian potash producer Belaruskali, Lithuanian Railways terminated its transit contract with the company on February 1 by decision of the Lithuanian government and stopped shipping the company's potash fertilizer. WASHINGTON -- Today, the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC), in response to . I decided it would probably be a good idea to define potash, since it's not exactly a term used in everyday conversation. . The EU sanctions unveiled Thursday hit petroleum products and potash fertilizers, the country's two main sources of foreign-currency revenue. [6] Sovereign Debt In light of U.S. sanctions against Belarusian potash producer Belaruskali, Lithuanian Railways terminated its transit contract with the company on February 1 by decision of the Lithuanian government and stopped shipping the company's potash fertilizer. Uralkali, Cargill, Agrium, JSC Belaruskali . Potash buyers fretting over U.S. sanctions on Belarus's state-owned producer, which controls about a fifth of the global market for the crop nutrient, might not need to panic right away. Previously, the US sanctions against a number of enterprises and entities in Belarus took effect on December 8 last year, including the only local potash producer - Belarus potash plant, and the sanctions against its trading company, the Belarusian potash company, which exports all potash in the country, will also take effect on April 1 this year. But if you were not already aware, potash is a widely-used fertilizer that . Distribute by categories. The . The U.S. Sanctions against Belaruskali OAO, Belarus's only potash miner, came into force on Dec 8, while penalties against Belarusian Potash Company, that exports all the potash from the country, should should become effective April 1. Belarus unrest spells opportunity for rival potash producers.