Yara Starts Wind-Down of Sourcing in Belarus as Sanctions Hit Supply Chain
10 Januar 2022 - 8:55AM
Dow Jones News
By Dominic Chopping
Norwegian fertilizer producer Yara International ASA said Monday
that the effects on its supply chain from current sanctions on
Belarus have forced the company to initiate a wind-down of its
sourcing of Belarusian potash, a key ingredient for the production
of mineral fertilizers used in food production.
"The effects of the current sanctions on Belarus reduce Yara's
ability to positively influence the safety and well-being of
Belaruskali workers," Yara Chief Executive Svein Tore Holsether
said.
"Despite the wind-down of potash sourcing, Yara aims to continue
the industrial safety program initiated in 2021, in close
cooperation with the independent trade union in Belaruskali and in
full compliance with applicable sanctions."
Yara said although its sourcing from Belarus is in full
compliance with applicable sanctions, other parts of the supply
chain are withdrawing essential services required to enable potash
exports from Belarus, as a result of which Yara has initiated a
wind-down in sourcing activities.
The wind-down is expected to be completed by April 1.
Write to Dominic Chopping at dominic.chopping@wsj.com
(END) Dow Jones Newswires
January 10, 2022 02:40 ET (07:40 GMT)
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