Accessibility links

Breaking News

Belarus To Launch Probe Into Uralkali's Major Shareholder


Vladislav Baumgertner
Vladislav Baumgertner
Belarusian authorities plan to launch a criminal investigation of the major shareholder of Russia's Uralkali potash-producing company.

Belarus's Investigative Committee spokesman said that one of Russia's richest citizens, Suleiman Kerimov, who owns 25 percent of Uralkali shares, is suspected of illegal activities.

The committee gave no specific details on the potential charges.

On August 26, Belarusian authorities detained Uralkali General-Director Vladislav Baumgertner in Minsk.

The move sparked tensions between Belarus and Russia.

Baumgernter was chairman of the Belarusian Potash Company (BKK), a now defunct joint venture between Uralkali and a Belarusian potash firm, Belaruskali.

His announcement in July that Uralkali was leaving BKK led to a steep drop in the commodity's price, affecting the Belarusian economy.

The Russian Embassy in Minsk says that its representatives are due to meet Baumgertner on August 29.


Based on reporting by Interfax and ITAR-TASS

RFE/RL has been declared an "undesirable organization" by the Russian government.

If you are in Russia or the Russia-controlled parts of Ukraine and hold a Russian passport or are a stateless person residing permanently in Russia or the Russia-controlled parts of Ukraine, please note that you could face fines or imprisonment for sharing, liking, commenting on, or saving our content, or for contacting us.

To find out more, click here.

XS
SM
MD
LG