Russia has increased export quotas on complex mineral fertilizers to support domestic producers, according to a resolution published on the Cabinet of Ministers website on Sunday.
“The current export quotas for Russian producers of mineral fertilizers have been temporarily increased by nearly 700 thousand tons,” the resolution states. The measure will be valid until May 31, 2022.
“These measures are necessary to support fertilizer producers who face the risk of idle time due to low demand in the domestic market and sanctions from unfriendly states,” the announcement stated further, referring to sanctions placed on Russia by a number of Western states in response to Moscow’s military operation in Ukraine. Fertilizers, however, have so far largely been spared from restrictions. The US even removed fertilizers from its sanctions list earlier this month in order to protect US farmers from shortages as food prices continue to soar.