# Belarus hopes to be relieved of sanctions on its potassium industry soon - ambassador

> Belarus's ambassador to Russia called for the swift lifting of EU and US sanctions on Belarusian potash and restoration of transit through the Baltic states. He said Belarus once held 22.5% of global potash trade and that its 2022 export contraction cut the world market by 16%.

- Date: 2023-09-15 · published 2023-09-15T12:00:00.000Z
- Category: policy · region Belarus · magnitude medium
- Page: https://feedsoft.ai/events/34453-belarus-hopes-to-be-relieved-of-sanctions-on-its-potassium-industry-soon
- Commodities: [Potash (KCl)](https://feedsoft.ai/c/POTASH.md)

## Why it matters

Sanctions keep a major share of global potash supply off world markets, which supports fertilizer prices; any lifting would add supply and be bearish.

## Read by commodity

- POTASH: bullish ▲

## Sources

- interfax.com: https://interfax.com/newsroom/top-stories/94625/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.