The inglorious end of a potassium syndicate
On Monday, August 26, Vladislav Baumgertner, General Director of the largest Russian producer of potassium fertilizers owned by Suleiman Karimov, Uralkali, was arrested at the Minsk Airport. The news caused a violent reaction in the Russian stock market, collapsing the Uralkali shares, and began to talk about the fact that the Russian-Belarusian Potassium War entered the acute phase.