Does this mean that Yara will terminate the contract with Belaruskali?
On July 12, the Norwegians joined the sectoral sanctions of the European Union against the illegitimate government of Belarus. Norwegian Foreign Minister Ine Eriksen Sereide said that this is a decisive response to human rights violations in Belarus.
Now Yara must terminate the contract with Belaruskali?
No. Sectoral sanctions apply to raw materials with a potassium content of less than 40% and more than 62%, while Yara uses raw materials with a potassium content in the range of 40−62% in the production of fertilizers. This means that the decision of the Norwegian authorities to join the European sanctions will in no way affect the existing contracts between Yara and Belaruskali.What to do?
As we said earlier, we call on Norway not only to join sectoral sanctions, but to strengthen them: to impose a ban on the import of Belarusian potash fertilizers. The NAM has already sent a corresponding proposal to the Minister of Trade, Industry and Fisheries of Norway, as well as to the Minister of Foreign Affairs of the country.
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