Bloomberg: The United States is secretly encouraging the purchase of Russian fertilizers According to Bloomberg, the US government is behind the scenes asking shipowners and agricultural companies to buy and deliver Russian fertilizers. Trade with the Russian Federation is officially banned due to sanctions, but a 24 percent drop in Russian fertilizer exports is now leading to higher food prices and threatening more serious consequences. Therefore, the United States is asking its companies to secretly resume trade with Russia. However, the banks, insurers, and transport companies themselves reject such "gray schemes" and call on the government to ensure that they are not punished for violating sanctions.
Meanwhile, the price of Russian fertilizers continues to rise. Analysts point out that the cost of nitrogen and phosphorus fertilizers on the world market has doubled from 2021 to 2020, potassium chloride has increased 1.5 times, and complex NPK fertilizers (nitrogen, phosphorus, potassium) - by 60%. Phosphate fertilizers are now priced at $700 to $730 per ton.