Support The Moscow Times!

Putin Controls Fertilizer

Prime Minister Vladimir Putin ordered the government to rein in fertilizer prices, he told farmers Wednesday at a conference in Tambov, half a year after President Dmitry Medvedev accused fertilizer companies Uralkali and Silvinit of "cartel" behavior.

Putin said he ordered his deputies Viktor Zubkov and Igor Sechin to "work out the necessary measures to restrain prices." Medvedev in September called for an investigation into fertilizer prices. The Federal Anti-Monopoly Service fined Uralkali and Silvinit for price collusion. Uralkali later agreed to buy Silvinit.

Uralkali, Russia's second-biggest potash producer by output, erased gains Wednesday, falling 0.7 percent to 238 rubles a share by 4:54 p.m. in Moscow.


Read more

Independent journalism isn’t dead. You can help keep it alive.

As the only remaining independent, English-language news source reporting from Russia, The Moscow Times plays a critical role in connecting Russia to the world.

Editorial decisions are made entirely by journalists in our newsroom, who adhere to the highest ethical standards. We fearlessly cover issues that are often considered off-limits or taboo in Russia, from domestic violence and LGBT issues to the climate crisis and a secretive nuclear blast that exposed unknowing doctors to radiation.

As we approach the holiday season, please consider making a one-time donation — or better still a recurring donation — to The Moscow Times to help us continue producing vital, high-quality journalism about the world’s largest country.