Economist Vasily Uzun in an interview with Pravda.Ru, he commented on the EU decision to ease sanctions against six Russian businessmen associated with the fertilizer industry.

Chief Researcher of the RANEPA Center for Agro-Food Policy, Doctor of Economics, Professor Vasily Uzun explained that there are no direct sanctions on the export of fertilizers to unfriendly countries, just as there is no ban on the export to friendly countries.

“There is a ban on ships that carry, a ban on entering the ports of unfriendly countries, bans on travel and a lot of things. There are bans on insurance. The British, who are in charge of this business, refuse to insure these shipments. There are bans on the movement of money. That is, there are many indirect bans that prevent the trade in fertilizers, transport,” the economist explained.

He noted that this volume of fertilizer could produce more grain than all Russian exports.

Uzun called the easing of sanctions an important measure, however, according to him, this situation will not fundamentally change.

“Because there was a ban on ships simply, on Russian-registered ships. And on insurance bans concluded with the participation of Russian companies,” the economist said.

Vasily Uzun is sure that the West is interested in buying Russian fertilizers.

“They bought large volumes. And for them it is important that these products reach them, because their own harvests and their own provision of agricultural products depend on it. So it is also beneficial for them,” the expert explained.

Earlier it was reported that Kazakhstan blocked large-scale deliveries of grain from Russia to the countries of Central Asia and transit to China.

Author Elena Bylkina

Elena Bylkina – journalist, correspondent for the Pravda.Ru news service