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The EU is preparing a 14th sanctions package against Russia and Belarus that targets sanctions circumvention. The bloc is again debating an exemption for Belarusian potash fertilizer on food-security grounds, with Brazil lobbying for relief.
Analysts consider the exemption unlikely to pass because US and EU sanction regimes are closely aligned.
Continued restriction on Belarusian potash keeps a major supplier off the market, supporting global potash prices. Any relaxation for Brazil or South America would add supply and pressure prices.
belarusinfocus.proApr 29, 2024Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
