Putin: situation around fertilizers in the world will only worsen as sanctions intensify

He said this in an interview with Pavel Zarubin on the air of the Russia 24 TV channel.

“The Americans, the British – the Anglo-Saxons – have imposed sanctions on our fertilizers.

Then, realizing what was happening, the Americans lifted the sanctions, but the Europeans did not.

In contacts with me, they themselves say: “Yes, yes, you need to think about it, you need to do something about it.”

And today they have only aggravated this situation,” Putin said.

Such an approach will worsen the situation on the global fertilizer markets, he stated.

“This means that the prospects for the harvest will be much more modest, which means that prices will only go to milestones, that's all.

This is an absolutely short-sighted, erroneous, I would say stupid policy that leads to a dead end, ”concluded the state leader.

On June 3, the European Union announced new sanctions against Belarus, which will affect the fertilizer producer Belaruskali and its export division.