Search Site

Trends banner

Oracle shares up 35%

Huge AI contracts lead to the surge.

ADCB to raise $1.66bn

The rights issue aimed at boosting growth.

EGA H1 revenue $4.11bn

Net profit before GAC $445 million.

Borouge to pay $660m H1 dividend

Its net profit for H1 was $474 million.

TAQA secures $2.31bn loan

It will be utilized in a phased manner.

Putin accuses European Union of blocking Russian fertilizer

Russian foreign ministrysaid Moscow would raise the blasts and the alleged drone attack at the UN Security Council. (AFP)
  • In July, an agreement was signed which allowed Russia to export its agricultural products and fertilizer despite Western sanctions.
  • The West imposed a litany of sanctions on Russia after it sent troops into Ukraine on February 24.

Moscow, Russia–Russian President Vladimir Putin accused the European Union of blocking 300,000 tonnes of Russian fertilizer from reaching the world’s poorest countries.

“The height of cynicism is that even our offer… to transfer for free 300,000 tonnes of Russian fertilizer blocked in European ports because of sanctions to countries that need it is still without an answer,” he said in televised remarks.

“It’s clear — they do not want to let our companies make money,” he said, “but we would like to donate (the fertilizer in question) to countries that need it.”

The West imposed a litany of sanctions on Russia after it sent troops into Ukraine on February 24.

Ukraine, one of the world’s largest grain exporters, was forced to halt almost all deliveries after Russia started its military operation.

In July, an agreement with Russia and Ukraine was brokered by Turkey and the United Nations, designating three ports for Kyiv to send grain supplies through a Russian blockade.

A similar agreement signed at the same time allowed Russia to export its agricultural products and fertilizer despite Western sanctions.

Russia is one of the world’s major producers of fertilizer.