Updated at 13:48,15-08-2017

Lukashenka opposed to Moscow-based joint potash trader

Naviny.by

Belarus will not agree to establish a new joint trader with Russian potash producer Uralkali if it is based in Moscow, Alyaksandr Lukashenka said at a government conference in Minsk on Thursday.

He referred to media speculation suggesting that Belarusians and Russians have nearly restored their joint sales company and are nearly creating a new company based in Moscow. I want to say that this is a pack of lies, the governments news agency BelTA quoted him as saying. He stressed that Belarus would never agree to a Moscow-based joint potash trader.

At the same time, he said, Minsk is open to talks with the Russian company. We are ready to restore our cooperation, which we had in the best years. But such a company would be based only in Minsk, he warned. We will not establish any foreign-based companies, this is what we have learned from our sad experience.

Russias newspaper Kommersant reported on Thursday that Uralkali was preparing for talks with Mr. Lukashenka about the restoration of its export alliance with Belarusian potash giant Belaruskali.

Uralkali will propose the replacement of Belarusian Potash Company, which is de facto defunct now, with a new joint trader that would be headquartered in Moscow. The Russian company wants to have a 65-percent stake in the trader, something that Minsk is opposed to, said the paper. //BelaPAN