The company needed them to make the hefty loans to pay for all those improvements. Belarusian Potash Company is a foreign company incorporated on 19 April 2006. and its country of incorporation is Belarus. The company would raise pay as an incentive, but part of that gain would be offset by an end to some . • A graduate of Moscow State Institute in 1980 he worked in a division Soyuzpromeksporta, the top Soviet career was as director of the company "Potassium HLW Agrohimeksport. Spokesperson Belarusian Potash Company JSC Oct 2013 - Present7 years 10 months Minsk, Belarus Working with mass-media and market reporters (monitoring and analyzing publications, briefings,. Investments made by Eximgarant of Belarus in the authorized funds of other legal entities: OJSC "Belagroprombank" 5 000 000,00 OJSC "The Belarusian universal commodity exchange" 400,00 OJSC "Promagroleasing" 34 954 836,00 JSC "Belarusian Potash Company" 10 000,00 CJSC "Your Assistance" 43 140,00 Chicago, Illinois Accountant Accounting Education University of Oklahoma 2003 — 2006 MBA/MAcc, Accounting and Finance Belaruski Dzjaržauny Ekanamièny Universitet 1996 — 2001 Bachelor of Science (B.S. Penktasis eksportuotojas nebuvo susij . The ratings also capture (1) the company's leading market position in the global potash market, with a market share of around 17% as of H1 2013; (2) its vertically integrated business model, which covers mining, production and distribution; and (3) the company's access to one of the largest global potassium reserves, with an estimated life of . Our main customers are: Housing and communal enterprises of the largest cities in the Republic of Belarus (UE "Minskvodokanal", UE "Brestvodokanal", UE . Uralkali has been at the centre of a dispute between Russia and its neighbor Belarus since July, when the potash producer said it plans to pull out of Belarus Potash Co., a joint venture with the . Largest exporters: JSC "Belarusian Potash Company", OJSC "BELAZ" - Holding Management Company "BELAZ-HOLDING", CJSC "Stadler Minsk", JGSC "Belgee", . In 2005, Uralkali entered into an agreement with the Government of Belarus on the joint venture's participation together with RUE Belaruskaly in OAO "Belarusian Potash Company" (BPC). For this the Company is taking additional measures to motivate employees to report on all known facts of corruption. Yet Belarusian Potash Co., in which Belaruskali owns a 48% stake and which is the sole handler all of the country's potash exports, wasn't included in the sanctions list. eur-lex.europa.eu. Review of Potassium Chloride Market in the CIS INFOMINE Research Group www.infomine.ru; e-mail: info@infomine.ru; phone/fax: +7 (495) 237-8033 3 List of Tables Table 1: World reserves of potassium salts (in equivalent К2О) Table 2: Volume of mining of potassium salts in the world in 1998-2003 (in and JSC Belarusi an Potash Company . Restrictions against Belaruskali may have a serious effect primarily in the context of secondary sanctions in the "Iranian format," since the United States is not a major buyer of Belarusian potash. They include Agrium Inc., Potash Corporation of Saskatchewan Inc. ("PCS"), The Mosaic Company, JSC Uralkali, JSC Silvinit, JSC Belarusian Potash Company ("BPC"), and JSC International Potash Company ("IPC"). Carlsbad, New Mexioc. Belarus General License 3 - Authorizing Certain Transactions with the State Security Committee of the Republic of Belarus (June 21, 2021) Belarus General License 5 - Authorizing the Wind Down of Transactions Involving Open Joint Stock Company Belarusian Potash Company or Agrorozkvit LLC (Effective December 02, 2021) 100% foreign ownership of a JSC is legally permitted under the Turkish Law. announced its exit from the sales organization Belarusian Potash Co. ( BPC ), which it has jointly operated since 2005 with Belarusian potash producer JSC Belaruskali. Since April 2005, Uralkali has owned a half interest in the JSC Belarusian Potash Company, through which it markets, sells, and distributes potash. Rocketreach finds email, phone & social media links for 450M+ professionals. The change in ownership and Mr Baumgertner's detention followed Uralkali's decision to withdraw from Belarus Potash Corporation, an export cartel representing Uralkali and Belaruskali, in July . Russian billionaire Mikhail Prokhorov - owner of the Brooklyn Nets - has agreed to acquire a 21.75% stake in Uralkali (), the world's biggest potash miner, from the company's main owner, Dagestani . It was more than some growers had paid to have chicken houses built to begin with. RUSAL is a multinational company, our employees work across 5 continents in 20 countries, including Ukraine. The company is mainly . Industry: vietnamexpo. Since April 2005, Belaruskali has owned a half . eur-lex.europa.eu. It is one of the largest producers of potash fertilizers in the world, accounting for 20% global supply as of 2019. In his declaration, Rak addresses the importance of potash to the Republic of Belarus and the legal and regulatory scheme governing its ownership, production, and export. Government Customs Records Notifications available for \m/s. [5] Belaruskali is a business entity organized under the laws of Belarus with its headquarters in Soigorsk, Republic of Belarus. "Belaruskali would certainly be a target of Russian potash magnates such as [Suleyman Kerimov], the owner of PJSC Uralkali, who has long had his eye on the company." "We are making adjustments to our sales plan for August in online mode," Belaruskali's distributor, JSC Belarusian Potash Co., told Market Intelligence on Aug. 18. Uralkali JSC is a vertically integrated potash producer with control over the whole production chain, from potash ore mining, through potassium chloride supply to customers. • In 1992 he created the International Potash Company (IWC) brings together the biggest selling potash producers - "BRIC", "Silvinit and Belaruskali. Among them is JSC Belaruskali. Mosaic, along with other Canadian and U.S. potash producers, were accused of maintaining a price-fixing conspiracy in a number of class-action lawsuits filed in 1993. June 28 (Interfax) - Uralkali will continue to export potash via Belarusian Potash Company (BPC), despite the Russian miner's recent change of ownership, Uralkali's president, Denis Morozov, said at the Russia and CIS: Going Global conference, organized by Renaissance Capital. Russian potash producer Uralkali continues to surprise. Senior Manager for Latin America region - Belarusian Potash Company JSC Minsk. Anatoly Lomakin. JSC Belaruskali said around Feb. 16 that it won't be able to meet its contracts, according . The main objective of the company is to fully satisfy the demand for mineral fertilizers, optimize the export delivery structure and maintain stability in the global market of mineral fertilizers. Agrium, PCS, and Mosaic operate potash mines in the Canadian province of . Belarus, where most of the world's potash reserves are found: Agrium Inc., Potash Corporation of Saskatchewan Inc. ("PCS"), The Mosaic Company, JSC Uralkali, JSC Silvinit, JSC Belarusian Potash Company ("BPC"), and JSC International Potash Company ("IPC"). TORONTO, ONTARIO--(Marketwired - Nov. 14, 2014) - Migao Corporation (), a China-based specialty potash fertilizer producer, today reported financial results for the three and six months periods ended September 30, 2014. Belarusian Potash Company (BPC) was established in September 2013 and currently sells potash fertilizers produced by Belaruskali. if a company subject to u.s. or foreign sanctions programs wishes to continue belarussian business, it would be prudent to work with external counsel and sanctions intelligence providers to assess potential ownership or control, to the extent possible, by sanctioned parties, and consider this information against applicable ownership or control … ), Economics Experience Oklahoma Investment Group July 2013 - Present BPC Chicago, LLC February 2011 - June 2012 JSC Belarusian Potash . Learn more about a Bloomberg Law subscription. Why You Should be Interested in Belarusian Potash Mining. Uralkalii (URK) confronts the OJSC Belarusian Potash Company (BPC). Elena Volkova Head of Chartering Department at Belarusian Potash Company JSC Belarus. PotashCorp and Mosaic paid $43.75 million each while Agrium paid $10 million to settle the cases brought by U.S. buyers in 2008, the companies said in separate statements on Wednesday […] Uralkali and Silvinit merged last year. But if you were not already aware, potash is a widely-used fertilizer that . However, the Belarussian SME statistics regards the sales of the potash trading house as SME sales. ), Economics Experience Oklahoma Investment Group July 2013 - Present BPC Chicago, LLC February 2011 - June 2012 JSC Belarusian Potash . During a meeting at the state-owned enterprise JSC Belaruskali, one of the world's largest producers of potash fertilizers, Belarusian President Alexander Lukashenko urged employees to use the . The company bought 50% stake in BPC, and Rybolovlev was appointed Chairman of the Supervisory Board of BPC. 31, 2022 Peleng JSC X Republican State Public Association Presidential Sports Club X Republican Unitary The defendants are seven companies whose principal mining operations are located in Canada, Russia, and Belarus, where most of the world's potash reserves are found: Agrium Inc., Potash Corporation of Saskatchewan Inc. ("PCS"), The Mosaic Company, JSC Uralkali, JSC Silvinit, JSC Belarusian Potash Company ("BPC"), and JSC International . Migao reported revenues of $51.0 million for the second quarter ended September 30, 2014, representing $18.3 million (56%) of increase from $32.8 million for the quarter ended . August 2011) (Learn how and when to remove this template message) This article contains content that is (JSC) and Limited Liability Company (LLC). Kelley Drye & Warren LLP On December 2, 2021, the Treasury Department's Office of Foreign Assets Control (OFAC) expanded its Belarus-related sanctions program by imposing restrictions on dealings in Belarusian sovereign debt and adding 32 individuals and entities to its List of Specially Designated Nationals (SDN List). The potash industry has been operated as a cartel coordinated by two exporting companies ("Canpotex" in North America (owned by "Potash Сorp", "Agrium" and "Mosaic") and the "Belarusian Potash Company" (owned by "Uralkali" and "Belaruskali"). The implementation of made potash production for export must be achieved exclusively through JSC "Belarusian Potash Company" or other exclusive exporter defined by the Republic of Belarus . The company operates in the Starobin basin, source of potassium salts and including four mining departments, service shops and service units. Belarusian Potash Force Majeure Adds to Global Fertilizer Chaos. Uralkali PAO (Russia) "Uralkali" is a vertically integrated company - producer of potassium which is one of the most important elements needed for the development of all living organisms. Potash Company JSC reports huge sales (EUR 1.7 bln turnover in 2015) which are in fact the sales of the Belarussian Potash enterprise group. Yet Belarusian Potash Co., in which Belaruskali owns a 48% stake and which is the sole handler all of the country's potash exports, wasn't included in the sanctions list. A foreigner who has never been to Turkey can become a shareholder of a Turkish JSC by way of a power of attorney. Jsc \""\""belarusian Potash Company\"""". Belaruskali is the largest single taxpayer in Belarus and an important source of foreign currency of the Belarusian government. Mosaic, then known as IMC. Belaruskali OAO (Belarus) Belaruskali OAO is one of the largest in the world and the largest in the CIS producer of potash fertilizer. ( Id. The merger of the marketing services of Belaruskali and Uralkali within a single company, Belarusian Potash Company, in 2005, became an important factor for increasing market concentration of potash suppliers, which resulted in a steady increase in potash prices starting the mid-2000s. ( Id. I decided it would probably be a good idea to define potash, since it's not exactly a term used in everyday conversation. Economist of Department of Property Management And Consolidated Business Planning JSC Minsk. as of 7 march 2018, the shareholding structure of pjsc uralkali was as follows: 5.23% shares were in free float, 20% were owned by rinsoco trading co. limited (registered in cyprus and controlled by dmitry lobyak), 20.1% belonged to uralchem (controlled by dmitry mazepin), and 54.77% were quasi-treasury shares (on the balance of the subsidiary … 6. Grodno Tobacco Factory Neman (GTF Neman) is a Belarusian state-owned tobacco factory and a major source of illicit cigarettes in the EU. Why You Should be Interested in Belarusian Potash Mining. Chicago, Illinois Accountant Accounting Education University of Oklahoma 2003 — 2006 MBA/MAcc, Accounting and Finance Belaruski Dzjaržauny Ekanamièny Universitet 1996 — 2001 Bachelor of Science (B.S. A U.S. lawmaker is targeting Belarusian potash after a corporate split allegedly led to sanctions evasion by the world's biggest potash miner. ¶ 20.) Potash producers PotashCorp, Mosaic Co. and Agrium have settled U.S. antitrust lawsuits that accused them of artificially inflating potash prices. The Belarusian Potash Company exports 33 percent of the world's potash, and that substance's components inspired its headquarters' floor plan. To read the full article log in. The company sells its product through agent, Belarusian Potash Co (BPC), in the same way Canada's producers use Canpotex. BPC is the exclusive worldwide distributor of potash produced by Uralkali and Belaruskali. Company (Belarusian Potash), which acts as the exclusive distributor of potash for Uralkali; •Belaruskali, a Belarusian company and the owner of the other one-half interest in Belarusian Potash, which, as it is for Uralkali, is Belaruskali's exclusive distributor; • Silvinit, a Russian company that sells potash Up until 2005 Belarusian potash sales were mediated by Moscow, a deal which the country claims cost they "substantial profits". 5. According to Elena Kudryavets, Director General, JSC Belarusian Potash Company, India is an important market and the agreement will promote stability in the region. The PRC agricultural grade potassium nitrate market was negatively affected by the volatilities in the potash prices following the breakup of JSC Belarusian Potash Company in July 2013 and remains . According to JSC Registrator Intraco, which maintains the register of holders of registered securities of Uralkali, as of 31 December 2013, Yevgeny Kotlyar, who is a member of the Management Board, is registered in the Company's share register with 53,608 ordinary shares of Uralkali, which is . But if you were not already aware, potash is a widely-used fertilizer that . Uralkali also sells it product through BPC. The Company carries out counteraction to corruption in all its manifestations. Characteristics of prices, production capacity and sales volumes in the Chinese market of both companies are presented in Table 8. Potash (n.): a form of potassium that is used especially to improve soil or to make soap. On August 12, 2018, a five-year supply memorandum was signed between the largest Chinese potash importer in the world - the Sinochem Group company and the Belarusian Potash Company. Payment of taxes in accordance with the law of the Republic of Belarus, including mineral extraction tax, as well as royalties and export customs duty. Belarusian Potash Company JSC Feb 2015 - Present7 years Belarus Proud to be a part of shipping community. In 2008, the United States consumed 6.2 million tons of potash. Potash (n.): a form of potassium that is used especially to improve soil or to make soap. But now workers from metro drivers to oil refinery employees have gone on strike against Lukashenko's fraud — a powerful stand for . Architects Varabyeu Partners designed the eight-story building to symbolize a crystal of sylvinite, the ore that comprises potash. After creating a storm on the international potash market with its decision to withdraw from the Belarusian Potash Company (BPC), it now . The Defendants are seven companies whose principal mining operations are located in Canada, Russia, and Belarus. While some buyers may turn to . I decided it would probably be a good idea to define potash, since it's not exactly a term used in everyday conversation. Manufactured cheaply in Belarus, GTF Neman brands are among the most common cigarettes smuggled into the EU as part of the lucrative contraband tobacco trade. Since the practice applies to many SOE with trading houses, The change in ownership and Mr Baumgertner's detention followed Uralkali's decision to withdraw from Belarus Potash Corporation, an export cartel representing Uralkali and Belaruskali, in July . To identify key members of the Belarusian business elite actively supporting the . Company Slavkali X OOO Gardservis X JSC Agat-Electromechanical Plant X X Listed on July 21, 2020 X Listed on Dec. 17, 2020 JSC Transaviaexport Airlines X Kidma Tech OJSC X OJSC Belarusian Potash Company X Wind down License through Mar. During the years of its activity our company has developed an extensive network of partners whith whom the company has built long-term mutually beneficial relationship. Being interested in putting an end to the conflict in this European country as quickly as possible, we are closely watching the events there, in the hope that this horror and tragedy will finally stop. Belarus's Workers Are Going on Strike Against the Election Fraud. The Company adheres to the policy of absolute intolerance towards corruption and seeks to minimize corruption risks by all available means. When the bankers saw the cost, their jaws dropped: $49,301 per chicken house. Their vision culminates in a reflective and refractive structure . ¶¶ 22, 23.) About 20% of global potash production is accounted for by the company. Information about directors' equity ownership. Belarusian Potash Company's Foreign Company Registration Number (FCRN) is F02844. 10-1712 5 for both Uralkali and Belaruskali, its equal and joint owners) were responsible for the lion s share of those sales. Defendants include Canada's Agrium Inc and Potash Corp of Saskatchewan Inc, Minnesota-based Mosaic Co, and four companies from Russia and Belarus: JSC Uralkali, JSC Silvinit, JSC Belarusian Potash and JSC International Potash. The fifth exporter had no related production company; its products were instead purchased from the producers/exporters mentioned under recitals (37) and (38), and thereafter exported. (Bloomberg) -- A Belarusian potash miner that accounts for a major chunk of global supply has declared force majeure, shaking up a market that's already contending with soaring prices. As of 2015, it accounted for 11% of tax revenues of Minsk Region. The European Union is aiming to hit Belarus with a new round of sanctions by June over the forced landing of Ryanair flight FR4978 and the arrest of a journalist, with tougher economic measures to . ¶ 22.) The disbanding of PhosChem, which had net sales of US$1.3 billion for the year ended May 31, follows Uralkali OAO's departure from the Belarusian Potash Co. (BPC) in July. The memorandum implies the supply of a new type of potash fertilizer - granulated white chloride chloride of potassium with added sulfur and zinc with a total . In the days after Alexander Lukashenko stole Belarus's election, the state has unleashed intense repression against all who dared to protest. JSC Belarusian Potash Company is a joint venture between Uralkali and Belaruskali headquartered in Minsk, Belarus and BPC Chicago is its wholly operated subsidiary. Try for free at rocketreach.co. The phosphate market, though concentrated, is still competitive. Rak indicates that the potash industry represented about 5% of the Republic of Belarus' gross domestic product and about 10% of the country's export earnings . Intrepid Potash - New Mexico, LLC. Form of ownership state Possible use industry Way of the land plot provision lease Cadastral cost (per 1 ha) as of 1 January 2020 (BYN and Kerimov has close ties to the Vladimir Putin regime in Russia, as well as Ramzan Kadyrov, the Chechen despot. was implemented through a high de gree of state ownership, . Ltd. ?ti. Uralkali has been at the centre of a dispute between Russia and its neighbor Belarus since July, when the potash producer said it plans to pull out of Belarus Potash Co., a joint venture with the . ( Id. The European Union has banned companies from doing business with Belarusian oil products as a part of wide-ranging economic sanctions on Belarus announced on Thursday, cutting one of the top fuel . Dec 2019 - Present2 years 3 months. Suleyman Abusaidovich Kerimov (Russian: Сулейма́н Абусаи́дович Кери́мов; Lezgian: Керимрин Абусаидан хва Сулейман; born 12 March 1966) is a Russia-based billionaire, oligarch, and politician of Lezgian origin. Artsem Kryzh Sales and Logistics Manager - ОАО "Белорусская калийная компания" . Vitali Svidzerski -- Minsk. The company controls the entire production chain - from production to supply potash to . (Id.) Customers. PhosChem, however, is not nearly as dominant a player as BPC or its North American potash exporting rival Canpotex Ltd. About Belarusian Potash Company (jsc): jsc belarusian potash company offers the following products - standard muriate of potash (mop), pink and white, granular mop (pink and white) with min 60% k2o content and all technical grades of potassium chloride (min 62% k2o content). See past imports to Pooja Chemicals, an importer based in India. at ¶ 7.) (Id. Passport Potash Signs LOI to Acquire 50% Ownership Interest in HNZ Potash, LLC; . Of that total, 5.3 million tons were imports, and PCS, Mosaic, Agrium, and Belarusian Potash (acting No. The share of the United States in Belarus' potash exports in 2020 amounted to only 4.19% ($ 100.9 million).
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