Russian Tycoon Urges Africa to Press EU on Fertilizer Snarl
- Tycoon Melnichenko says EU easing sanctions won’t solve issue
- Melnichenko met officials of ruling ANC in South Africa
This article is for subscribers only.
Russian fertilizer billionaire Andrey Melnichenko is lobbying politicians in Africa to pressure the European Union into finding a solution to what he says are sanctions-related disruptions choking flows of food and vital crop nutrients.
While EU sanctions on Russia don’t target agricultural products or fertilizers, trade is still being affected, he said. That’s curbed fertilizer shipments by about 9 million tons so far this year, said Melnichenko, the founder of EuroChem Group AG.