Support The Moscow Times!

No Potash Conspiracy Found

NEW YORK ?€” A U.S. federal appeals court threw out an antitrust lawsuit in which purchasers of potash accused seven major producers of running a global conspiracy to raise the price of the mineral.

Reversing a lower court order, the Seventh U.S. Circuit Court of Appeals in Chicago said the plaintiffs did not show a strong enough link between the alleged anti-competitive activity outside the United States and a 600 percent surge in U.S. potash prices from 2003 to 2008.

Defendants included Canada's Agrium and Potash Corp. of Saskatchewan, Mosaic, and companies that conduct mining operations in Russia and Belarus: Uralkali, Silvinit, Belarussian Potash and International Potash.

(Reuters)

Sign up for our free weekly newsletter

Our weekly newsletter contains a hand-picked selection of news, features, analysiss and more from The Moscow Times. You will receive it in your mailbox every Friday. Never miss the latest news from Russia. Preview
Subscribers agree to the Privacy Policy

A Message from The Moscow Times:

Dear readers,

We are facing unprecedented challenges. Russia's Prosecutor General's Office has designated The Moscow Times as an "undesirable" organization, criminalizing our work and putting our staff at risk of prosecution. This follows our earlier unjust labeling as a "foreign agent."

These actions are direct attempts to silence independent journalism in Russia. The authorities claim our work "discredits the decisions of the Russian leadership." We see things differently: we strive to provide accurate, unbiased reporting on Russia.

We, the journalists of The Moscow Times, refuse to be silenced. But to continue our work, we need your help.

Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and every contribution makes a significant impact.

By supporting The Moscow Times, you're defending open, independent journalism in the face of repression. Thank you for standing with us.

Once
Monthly
Annual
Continue
paiment methods
Not ready to support today?
Remind me later.

Read more