Russia raises export quotas for mineral fertilizers

MOSCOW. April 18 (Interfax) - The Russian government has eased restrictions on mineral fertilizer exports, temporarily raising export quotas for Russian producers by almost 700,000 tonnes until May 31, 2022, inclusive, the Cabinet reported.

Export quotas have been raised by 231,000 tonnes to 5.7 million tonnes for nitrogen fertilizers, and by 466,000 tonnes to about 5.6 million tonnes for complex fertilizers, a resolution signed by Prime Minister Mikhail Mishustin stated.

The document said that until May 31 quotas to not apply to fertilizer exports to the Donetsk and Luhansk people's republics, or to Abkhazia and South Ossetia.

"These measures are needed in order to support fertilizer producers, who are at risk of idling due to weak demand on the domestic market and the sanctions of unfriendly countries. Producing companies expect interest in fertilizers from countries that have not joined sanction restrictions," the statement said.