{"id":28652,"date":"2022-03-10T21:50:53","date_gmt":"2022-03-10T16:20:53","guid":{"rendered":"https:\/\/tradebrains.in\/features\/russia-fertiliser-putin\/"},"modified":"2022-03-10T21:50:53","modified_gmt":"2022-03-10T16:20:53","slug":"russia-fertiliser-putin","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/russia-fertiliser-putin\/","title":{"rendered":"Putin warns of further spike in fertiliser prices if West creates &#8216;difficulties&#8217; for Russia"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3385533178\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Moscow, Mar 10 (PTI) Russian President Vladimir Putin on Thursday warned that the price of fertilisers across the globe may spike further if the West continued to create &#8220;difficulties&#8221; for his country, one of the world&#8217;s largest suppliers of mineral fertilisers.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3728799040\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div>\n<p>Addressing members of the Russian government, Putin also called on the West not to\u00a0blame Russia for rising global energy prices since he ordered a &#8216;special military operation&#8217; against Ukraine on February 24.<\/p>\n<p>Reacting sharply to the invasion of Ukraine, the US and its allies have imposed crippling economic sanctions on Russia. The US has also banned the import of oil, liquefied natural gas, and coal from Russia which the White House said will further deprive President Putin of the economic resources he uses to &#8220;continue his needless war of choice&#8221;.<\/p>\n<p>In his remarks, reported by Russia&#8217;s state-run TASS news agency, Putin predicted a rise in prices for fertilisers in the world if other countries continue to create difficulties for Russia.<\/p><div class=\"trade-content_5\" id=\"trade-3595392177\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<p>\u201cRussia and Belarus are one of the largest suppliers of mineral fertilisers to world markets. If they continue to create any problems with financing this work, insurance, logistics, delivery of our goods, then the prices, which are already are already exorbitant, will grow even more,\u201d he said.<\/p>\n<p> Russia produces 50 million tonnes of fertilisers annually accounting for nearly 13 per cent of the world&#8217;s total output.<\/p>\n<p> Russia is the world\u2019s biggest exporter of synthetic fertiliser, supplying more than a fifth of urea, a key fertiliser used in the UK. It has put restrictions on exports, and supplies are also being dented by ships avoiding Russian ports while insurers will not cover the cargo amid fears it will be hit by a trade embargo, The Guardian newspaper of the UK reported on Tuesday.<\/p>\n<p>Putin also said that he believes that the West is\u00a0trying to\u00a0blame Russia for the surge in\u00a0energy prices in\u00a0the world.<\/p>\n<p>&#8220;The prices there (for energy carriers in\u00a0the EU\u00a0countries) are growing, but not through our fault. This is\u00a0the result of\u00a0their own miscalculations. They should not blame us\u00a0for this,\u201d Putin was quoted as saying by TASS news agency.<\/p>\n<p>He also said that Russia was fulfilling all its obligations to\u00a0supply energy resources to\u00a0Europe and other regions of\u00a0the world.<\/p><div class=\"trade-content-10\" id=\"trade-796496636\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<p>\u201cAs\u00a0for those countries that are taking unfriendly steps towards our country and economy, we\u00a0are well aware [that] they are calling on\u00a0their citizens to\u00a0tighten their belts, dress warmer and, in\u00a0general, point to\u00a0the sanctions that they impose against us\u00a0as\u00a0the reason for the deterioration of\u00a0their situation,\u201d the Russian president said.<\/p>\n<p>\u201cIt\u00a0all looks very strange, especially since we\u00a0are fulfilling all our energy supply obligations,\u201d Putin stressed.<\/p>\n<p>On Thursday, prices rebounded by more than USD 5 per barrel in London and USD 4 in New York.<\/p>\n<p>Benchmark U.S. crude is up more than 50 per cent this year, the Associated Press reported.<\/p>\n<p>Continued market volatility is likely in the days ahead as the conflict rages in Ukraine, the report said.<\/p>\n<p>President Putin also said the Russian economy will adapt to the new situation, which would lead to higher independence and sovereignty of the country.<\/p>\n<p>\u201cThe economy will, of course, adapt to the new situation. We will continue with import replacement on all directions, and, eventually, this will increase our independence, sovereignty and self-reliability,\u201d he said.<\/p>\n<p>He noted that many countries \u201chave already adapted to living with their backs bent and obsequiously accepting all decisions of their sovereign.\u201d \t\u201cRussia cannot exist in such sorry and humiliated state. All this must have happened sooner or later. It happened now, and I am certain that, thanks to the members of our government, thanks to our leading companies, we will overcome all these hardships,\u201d Putin said, expressing confident that the country will achieve of all economic goals, including bolstering national sovereignty. PTI AKJ \t   AKJ<\/p>\n<div class=\"trade-after-content\" id=\"trade-3471723425\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Moscow, Mar 10 (PTI) Russian President Vladimir Putin on Thursday warned that the price of fertilisers across the globe may spike further if the West continued to create &#8220;difficulties&#8221; for his country, one of the world&#8217;s largest suppliers of mineral fertilisers. Addressing members of the Russian government, Putin also called on the West not to\u00a0blame [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1697,31],"tags":[],"class_list":["post-28652","post","type-post","status-publish","format-standard","hentry","category-economy","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Putin warns of further spike in fertiliser prices if West creates &#039;difficulties&#039; for Russia - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/russia-fertiliser-putin\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Putin warns of further spike in fertiliser prices if West creates &#039;difficulties&#039; for Russia\" \/>\n<meta property=\"og:description\" content=\"Moscow, Mar 10 (PTI) Russian President Vladimir Putin on Thursday warned that the price of fertilisers across the globe may spike further if the West continued to create &#8220;difficulties&#8221; for his country, one of the world&#8217;s largest suppliers of mineral fertilisers. 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