Potash Dispute Escalates as Uralkali CEO Held in Belarus
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The business dispute roiling the global potash market escalated after Belarus accused top executives at Russian producer OAO Uralkali of a criminal scheme, threatening to embroil both governments in a conflict that could cause broader economic and political damage.
Belarus officials detained Uralkali Chief Executive Officer Vladislav Baumgertner after inviting him to Minsk for talks. He’s still chairman of Belarusian Potash Co., the joint venture with state-owned Belaruskali that the Russian company said July 30 it was withdrawing from.