The United States lifted sanctions on potash from Belarus, while threatening to impose tariffs on fertilizers from Canada.

Source: michiganfarmnews.com USA lifts sanctions on Belarus potash According to data from Statista, Belarus holds nearly 21% of the world’s potash reserves, second only to Canada. Photo: Belaruskali The U.S. Office of Foreign Assets Control (OFAC) of the U.S. Department of the Treasury said that on Monday, the agency allowed transactions related to Belarus' state-owned potash enterprise and two other potash producers in the country. The move comes after Belarus agreed to release more than 120 prisoners, following negotiations with U.S. officials. According to the Argus Media Group, an independent entity providing information and analysis on global energy and commodity markets, the lifting of the U.S. sanctions will significantly facilitate Belarus' potash trade for businesses worldwide. Although the European Union (EU) still maintains sanctions on Belarus' potash trade, Argus said the country has been exporting a significant amount of potash in recent years, mainly due to ...