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The EU has imposed broad economic sanctions on Belarus over the Ryanair incident. The measures ban EU companies from transporting Belarusian potash and from trade in petroleum products and tobacco.
Belarus must now find other ports and carriers for its main export.
Belarus is a major potash exporter, and the shipping ban forces longer or costlier routes, which reduces effective supply to global markets. That supports potash and fertilizer prices.
reuters.comRobin EmmottJun 24, 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.
