Lukashenko gives orders to inform LSE, Moscow Exchange of financial situation at Uralkali
MINSK. Sept 19 (Interfax) - Belarusian President Alexander Lukashenko said that Russian potash miner Uralkali was bankrupt and that he had ordered the relevant agencies to inform the London and Moscow exchanges, where Uralkali shares are traded, of this.
Uralkali's shares fell 1% to 180.5 rubles on the Moscow Exchange following Lukashenko's statement. The rest of the Russian stock market is rising following yesterday's decisions by the Federal Reserve.
"There is information that they are $12 billion in deficit and just $2 in surplus. If this is so, then it turns out that the information they distributed all around the world is bogus. Uralkali is a public company, which is traded at the London and Moscow exchanges. And distributing bogus reports and information is an international crime," Lukashenko said at a meeting dedicated to current economic and foreign issues on Thursday.
"I have ordered the relevant agencies to contact the London and Moscow exchanges where trading goes in order to warn them of what is happening in reality so that we do not end up being responsible later," Lukashenko said.