# EU imposes broad economic sanctions on Belarus over Ryanair incident | Reuters

> 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.

- Date: 2021-06-24 · published 2021-06-24T12:00:00.000Z
- Category: geopolitics · region Belarus · magnitude medium
- Page: https://feedsoft.ai/events/46501-eu-imposes-broad-economic-sanctions-on-belarus-over-ryanair-incident-reuters
- Commodities: [Potash (KCl)](https://feedsoft.ai/c/POTASH.md)

## Why it matters

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.

## Read by commodity

- POTASH: bullish ▲

## Sources

- reuters.com: https://www.reuters.com/world/europe/eu-economic-sanctions-belarus-come-into-effect-2021-06-24/

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