OAO Uralkali Chief Executive Officer Vladislav Baumgertner has been moved to house arrest from the Moscow cell that has held him since he was extradited on Nov. 22 from Belarus, where he was charged with abuse of office.
The European Union’s foreign policy chief is heading to Ukraine after police raided the main opposition party headquarters and tore down barricades erected by protesters calling for President Viktor Yanukovych to quit.
Russia cast doubt that Ukraine may soon join its customs bloc, a plan that has sparked the ex- Soviet republic’s biggest protests in almost a decade and fueled calls for President Viktor Yanukovych to resign.
Much has been said about the defeat the European Union suffered with Ukraine’s sudden refusal to sign a trade and association agreement. The contrary is true: The EU has had a lucky escape and so have the Ukrainian people.
The future of OAO Uralkali’s marketing partnership with Belarus will depend on the Russian potash producer’s management, according to the head of OAO Uralchem, which is buying a 20 percent stake in the company.
Potash Corp. of Saskatchewan Inc.’s decision to cut 18 percent of its workforce and reduce capacity probably foreshadows similar actions by North American rivals amid a price war in the $20 billion global potash market.
OAO Uralchem investors led by billionaire owner Dmitry Mazepin agreed to buy 20 percent of OAO Uralkali, giving him joint control of the world’s largest potash producer with Mikhail Prokhorov’s Onexim Group.