Monday, October 14, 2013

Potash: "Moscow launches probe of Uralkali chief" (POT; MOS; IPI; URKA.L)

From the Financial Times:
The “Potash War” between Russia and Belarus took an unexpected turn on Monday when Russian police launched a probe into the financial dealings of Vladislav Baumgertner, CEO of Russian fertiliser group Uralkali, in a move that could result in his extradition to Russia.

Mr Baumgertner is under house arrest in Minsk, the Belarusian capital, following the collapse of a price-fixing cartel between Uralkali and Belaruskali, the two largest world players in potash. He was arrested in Minsk when he flew in on the invitation of Belarus’s prime minister in August....MORE