AGL 38.02 Increased By ▲ 0.08 (0.21%)
AIRLINK 197.36 Increased By ▲ 3.45 (1.78%)
BOP 9.54 Increased By ▲ 0.22 (2.36%)
CNERGY 5.91 Increased By ▲ 0.07 (1.2%)
DCL 8.82 Increased By ▲ 0.14 (1.61%)
DFML 35.74 Decreased By ▼ -0.72 (-1.97%)
DGKC 96.86 Increased By ▲ 4.32 (4.67%)
FCCL 35.25 Increased By ▲ 1.28 (3.77%)
FFBL 88.94 Increased By ▲ 6.64 (8.07%)
FFL 13.17 Increased By ▲ 0.42 (3.29%)
HUBC 127.55 Increased By ▲ 6.94 (5.75%)
HUMNL 13.50 Decreased By ▼ -0.10 (-0.74%)
KEL 5.32 Increased By ▲ 0.10 (1.92%)
KOSM 7.00 Increased By ▲ 0.48 (7.36%)
MLCF 44.70 Increased By ▲ 2.59 (6.15%)
NBP 61.42 Increased By ▲ 1.61 (2.69%)
OGDC 214.67 Increased By ▲ 3.50 (1.66%)
PAEL 38.79 Increased By ▲ 1.21 (3.22%)
PIBTL 8.25 Increased By ▲ 0.18 (2.23%)
PPL 193.08 Increased By ▲ 2.76 (1.45%)
PRL 38.66 Increased By ▲ 0.49 (1.28%)
PTC 25.80 Increased By ▲ 2.35 (10.02%)
SEARL 103.60 Increased By ▲ 5.66 (5.78%)
TELE 8.30 Increased By ▲ 0.08 (0.97%)
TOMCL 35.00 Decreased By ▼ -0.03 (-0.09%)
TPLP 13.30 Decreased By ▼ -0.25 (-1.85%)
TREET 22.16 Decreased By ▼ -0.57 (-2.51%)
TRG 55.59 Increased By ▲ 2.72 (5.14%)
UNITY 32.97 Increased By ▲ 0.01 (0.03%)
WTL 1.60 Increased By ▲ 0.08 (5.26%)
BR100 11,727 Increased By 342.7 (3.01%)
BR30 36,377 Increased By 1165.1 (3.31%)
KSE100 109,513 Increased By 3238.2 (3.05%)
KSE30 34,513 Increased By 1160.1 (3.48%)

VILNIUS: A first batch of Russian fertilizer which Latvia seized last year is being shipped to Kenya by the United Nations' World Food Programme, Latvia's Foreign Ministry said on Saturday.

Russia has cited the seizure as a key stumbling block to its continued participation in a Black Sea grains deal that allows Ukraine to export grains.

A vessel left the port of Riga on Friday with part of the 200,000 tonnes of seized fertilizer, the ministry said.

Several more vessels are due to transport the rest of the fertilizer which was seized in March 2022, a ministry spokesperson said.

Russia has indicated that it will not allow the Black Sea export deal which was brokered by the U.N. and Turkey in July, 2022, to continue beyond May 18 because a list of demands to facilitate its own grain and fertilizer exports have not been met.

Russia's Lavrov says almost nothing done to address grain deal concerns

Russia's foreign ministry has repeatedly named fertilizers stuck in Baltic Sea ports as one of the key stumbling blocks to continuing the deal.

The Latvian government described the shipments as a "donation" which it facilitated as "support for the countries that have been affected by the food crisis triggered by Russia’s war on Ukraine".

It was not immediately clear if Russia was satisfied with the shipment, or if it would boost chances of an extension of the grains deal.

The move comes ahead of a meeting in New York next week between Russian Foreign Minister Sergei Lavrov and U.N. Secretary-General António Guterres to discuss the grains deal, among other issues.

Lavrov has said nothing has been done to address Russia's concerns.

Most of the fertilizer seized in Latvia is owned by Uralchem and Uralkali, according to market sources and data seen by Reuters.

The companies used to be controlled by Russian oligarch Dmitry Mazepin, who gave up control last year after the European Union sanctioned him in March 2022 as "a member of the closest circle of Vladimir Putin".

The Uralchem-Uralkali Group said in February it intended to donate more than 34,000 tonnes of fertilizer stored in Latvia to Kenya.

Comments

Comments are closed.