Exclusive-India could buy potash from Belarus in rupees as sanctions hit Minsk-sources
Published on: Tuesday 01 February 2022
India plans to buy 1 million tonnes of potash from Belarus in the first such bilateral deal between the two countries after sanctions crippled Minsk's ability to sell the crop nutrient, two Indian officials involved in the discussions told Reuters. India has suggested that the state-run Belarus Potash Company (BPC) could open a rupee account with a state-run Indian bank for potash sales as sanctions imposed by the United States and European Union cut off the Minsk from dollar and euro trade, the officials said. BPC is the export arm of Belaruskali, the world's second-largest potash producer.