The United States has decided to relax sanctions against mineral fertilizers produced in Russia, according to a license from the Office of Foreign Assets Control of the US Department of the Treasury.
In addition to fertilizers, the essential goods included agricultural products, medicines and medical products. The publication’s sources explained that the decision of the U.S. government allows the trade in commodities included in the list.
Experts point out that the reason for a partial relaxation of sanctions was the logistical difficulties faced by the United States. Optimistic experts hope that the US and the EU will lift even existing duties on Russian fertilizers.
Since March 1, three biggest sea container carriers, Swiss Mediterranean Shipping Company (MSC), Danish Maersk and French CMA CGM, stopped transporting cargo from Russia.
And although the logistics have already managed to be fixed with the help of countries which did not impose restrictions, experts noted that the situation has improved after the publication of the license.
In addition, the cancellation of duties on Russian chemical products applies to phosphate-based fertilizers and urea-ammonia mixture in the U.S. and Europe.
The U.S. and Europe are noticeably dependent on supplies from Russia, while Moscow is able to redirect the commodity flow to Asia in case the situation deteriorates.