Updated at 13:48,15-08-2017

Head of Russian potash giant arrested in Belarus

RFE/RL

The general director of Russia's Uralkali potash producer has been arrested in Belarus.

A Belarusian Investigative Committee spokesman told journalists on August 26 that Vladislav Baumgertner has been charged with abuse of office.

Four of his associates, who are also suspected of abuse of office, have been added to a wanted list by Belarus.

Baumgertner could face up to 10 years in prison if found guilty.

Baumgertner was the chairman of the Belarusian Potash Company (BKK), a now-defunct joint venture between Uralkali and a Belarusian potash firm, Belaruskali.

Baumgernter announced that Uralkali was leaving BKK in July, which led to a sharp drop in share prices for potash companies around the world.

Uralkali's press service confirmed to RFE/RL that Baumgertner was arrested in Minsk after meeting with the Belarusian prime minister, but refused to comment further.