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The US Treasury's OFAC announced new sanctions targeting Belarus's construction, coal, oil, tobacco, potash and transportation sectors. The measures add to earlier sanctions on Belarusian state enterprises.
Sanctions on Belarusian potash producers reduce available supply from a major exporter, supporting potash prices and adding pressure on an already tight market.
eversheds-sutherland.comMark D. Herlach, Nicholas T. HillmanAug 12, 2021Not 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.
