• Eng

Dmitry Osipov takes part in the Russia-India Intergovernmental Commission on Trade, Economic, Scientific, Technical and Cultural Cooperation

17.09.2018

Dmitry Osipov, the CEO of Uralkali (the Company) (Moscow Exchange: URKA), one of the worlds largest potash producers, took part in the 23rd meeting of the Russia-India Intergovernmental Commission on Trade, Economic, Scientific, Technical and Cultural Cooperation.

During the panel of a fertiliser subgroup of the working group for modernisation and industrial cooperation, Uralkali declared its readiness to launch a pilot project in India to demonstrate advantages of balanced application of different mineral fertilisers in agriculture. The Company also made a suggestion to India to reduce their import customs duties on mineral fertilisers to zero within a framework of creation of a free trade zone between India and the Eurasian Economic Union.

Dmitry Osipov, Uralkali CEO, commented:

Uralkali has been successfully operating in the Indian fertiliser market for a long time, and so it is undoubtedly one of the key markets for us. Given the current dynamics of the Indian economy and its agricultural sector in particular, we welcome the opportunity to enhance our cooperation with local authorities and customers to help them apply mineral fertilisers with the highest efficiency and improve fertility of soils. We very much hope that Uralkalis initiatives will be recognised and supported by our Indian partners.

Reference:

The Russia-India Intergovernmental Commission on Trade, Economic, Scientific, Technical and Cultural Cooperation was established in 1992. It is co-chaired by the Russian Deputy Prime Minister Yuri Borisov and the Indian External Affairs Minister Sushma Swaraj. The Commission is also supervised by the Russian Ministry of Economic Development.

Uralkali (www.uralkali.com) is one of the worlds largest potash producers and exporters. The Companys assets consist of 5 mines and 7 ore-treatment mills situated in the towns of Berezniki and Solikamsk (Perm Territory, Russia). Uralkali employs ca.11,000 people (in the main production unit). Uralkalis shares are traded on the Moscow Exchange.

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