Belarusian President Alexander Lukashenko reviewed delays in construction of the Nezhinsky potash complex, whose first two phases were originally due by July 2026 and then rescheduled for November 1. The project was taken over by the state after Western sanctions disrupted Chinese bank financing, and the first two phases are planned to provide one million tonnes of annual capacity.
Further delays would postpone planned Belarusian potash capacity, potentially limiting future export supply and supporting potash prices. The project’s financing and construction risks make the timing of added supply uncertain.
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