A paradoxical situation has arisen: EU and the United States introduced relief on the purchase of fertilizers from Russia, because it is impossible to do without this product, the largest supplier of which is Moscow.
But many shippers, banks and insurers are holding back from trading for fear they might inadvertently break sanctions rules. As a result, fertilizer exports from Russia have fallen by 24% this year, and the US government has to urge businesses to buy and deliver Russian fertilizers behind the scenes.
At the end of May, US Ambassador to the UN Linda Thomas-Greenfield publicly stated that the United States did not impose restrictions on the export of grain and fertilizers from Russia, and Washington was ready to provide “letters of guarantee” on the security of supplies of these goods against the backdrop of sanctions, writes bloomberg.
UN Secretary-General António Guterres said in early June that fertilizer prices had more than doubled in a “worrisome” manner.