Uralkali's CEO moved to house arrest in Moscow

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


The head of Russian potash producer Uralkali, extradited to Russia from Belarus last month, has been moved from a detention centre in Moscow to house arrest, the company said on Tuesday.

Vladislav Baumgertner was detained in Minsk in August after Uralkali quit Belarus Potash Co, its cartel joint venture with Belaruskali, the state-run producer in Russia's ally Belarus, a move which triggered a drop in prices for the fertiliser that infuriated the former Soviet nation's president, Alexander Lukashenko.

Baumgertner had been charged with abuse of power and embezzlement in Minsk. He was extradited after Russia met Lukashenko's demand for him to be held and investigated in Russia.

Baumgertner has been moved to house arrest until Jan. 20, Sergey Tsygankov, spokesman for the Moscow department of the Federal Prison Service, told the Interfax news agency.

Officials in Russia and Ukraine have called for re-creation of the trading cartel, which controlled 40 percent of the $20 billion global potash market, but there has been no public progress with the issue.

The main shareholder in Uralkali, Suleiman Kerimov, recently sold a 21.75 percent stake to Russian tycoon-turned-politician Mikhail Prokhorov, while Belarus-born businessman Dmitry Mazepin's fertiliser firm Uralchem has bought a further 20 percent.


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 

Name
e-Mail (required)
Location

Comment:

characters left


OptRx crop sensors

Features & Options: Increase yield potential by applying the ideal amount of nitrogen to corn or wheat based on crop ... Read More

View all Products in this segment

View All Buyers Guides

Feedback Form
Feedback Form