Russia’s fertilizer trade is improving as the country re-routes volumes, billionaire Andrey Melnichenko, founder of EuroChem, said in a recent interview with Forbes. The EU’s earlier easing of sanctions did not have an effect, as Baltic countries, which used to be the main transportation hub for Russian fertilizers, still limit the trade, he said.
However, he said the situation is improving “despite the behavior of European bureaucrats and colleagues from the Baltic states, who blocked the transit through their territory. Many new ports are being built in Russia, thus this dangerous dependence on transit will be removed.”
In other Melnichenko news, Forbes reported that he has become Russia’s richest billionaire for the first time. The magazine said there are 22 more billionaires in its ranking of the richest Russians.