Fertilizer imports from Russia are very important for the European Union, but if necessary, EU countries can find other sources of supply. This view was expressed in an interview “Izvestia” This was stated by Alexey Zubets, director of the Socio-Economic Research Institute of the Financial University under the Government of the Russian Federation.
According to Zubets, Russia’s total share in the global fertilizer market is less than one quarter, but for Europe, supply from the Russian Federation is the most convenient from a logistical and economic point of view.
“American resources serve America, and it is expensive to bring them here. That is, the use of Russian fertilizers serves, in principle, to reduce the prices of manufactured products,” explained the economist.
According to him, it is possible that EU countries will refuse to use fertilizers from Russia, but this will lead to an increase in prices of manufactured products and, as a result, food inflation.
On January 13, Norway announced addictions From European Russian fertilizers.
On January 18, Uralchem signed a memorandum of understanding supply Fertilizer for China.
Previously RF accelerated Fertilizer supply to ASEAN countries despite sanctions.