Belarusian court leaves Russian potash firm's CEO under arrest

decrease font size  Resize text   increase font size       Printer-friendly version of this article Printer-friendly version of this article

A district court in Minsk decided to leave the chief executive of Russian potash producer Uralkali in detention on Friday, resisting pressure from Russia to release him after his arrest last month after the break-up of a local joint venture. 

Vladislav Baumgertner, CEO of the world's top potash producer, was detained on August 26 while visiting Minsk at the invitation of its prime minister.


His arrest escalated a trade feud sparked in late July when Uralkali pulled out of Belarus Potash Co (BPC), its trading joint venture with Belarus state potash producer Belaruskali.

"Our complaint was not satisfied by the court. We will appeal the decision in the Minsk City Court," his lawyer Dmitry Goryachko told reporters in Minsk.

Baumgertner faces two months in a pre-trial detention centre and up to 10 years if found guilty of abusing power as chairman of BPC's supervisory board.

Uralkali has estimated the collapse of what was the world's largest potash alliance could push prices down 25 percent in the second half of 2013.

That in turn could have a major impact on the economy of Belarus, where the fertiliser accounts for 12 percent of state revenue.

Buyers Guide

Doyle Equipment Manufacturing Co.
Doyle Equipment Manufacturing prides themselves as being “The King of the Rotary’s” with their Direct Drive Rotary Blend Systems. With numerous setup possibilities and sizes, ranging from a  more...
A.J. Sackett Sons & Company
Sackett Blend Towers feature the H.I.M, High Intensity Mixer, the next generation of blending and coating technology which supports Precision Fertilizer Blending®. Its unique design allows  more...
R&R Manufacturing Inc.
The R&R Minuteman Blend System is the original proven performer. Fast, precise blending with a compact foot print. Significantly lower horsepower requirement. Low inload height with large  more...
Junge Control Inc.
Junge Control Inc. creates state-of-the-art product blending and measuring solutions that allow you to totally maximize operating efficiency with amazing accuracy and repeatability, superior  more...
Yargus Manufacturing
The flagship blending system for the Layco product line is the fully automated Layco DW System™. The advanced technology of the Layco DW (Declining Weight) system results in a blending  more...
Yargus Manufacturing
The LAYCOTE™ Automated Coating System provides a new level of coating accuracy for a stand-alone coating system or for coating (impregnating) in an automated blending system. The unique  more...
John Deere
The DN345 Drawn Dry Spreader can carry more than 12 tons of fertilizer and 17.5 tons of lime. Designed to operate at field speeds up to 20 MPH with full loads and the G4 spreader uniformly  more...
Force Unlimited
The Pro-Force is a multi-purpose spreader with a wider apron and steeper sides. Our Pro-Force has the most aggressive 30” spinner on the market, and is capable of spreading higher rates of  more...
BBI Spreaders
MagnaSpread 2 & MagnaSpread 3 — With BBI’s patented multi-bin technology, these spreaders operate multiple hoppers guided by independent, variable-rate technology. These models are built on  more...

Comments (0) Leave a comment 

e-Mail (required)


characters left

1325 Bushel Grain Cart

Equipped with a 22” computer balanced auger with 5/16” flighting,the unloading speed is 50% faster than smaller grain carts with ... Read More

View all Products in this segment

View All Buyers Guides

Feedback Form
Feedback Form