Europe is becoming dependent on Russian fertilisers in the same way it did with gas, Svein Tore Holsether, chief executive of Norwegian chemical company Yara International, one of the world’s largest fertiliser suppliers, told the Financial Times (FT).
“Europe is unknowingly becoming dependent on Russian fertilisers, as it did with gas,” said Svein Tore Holsether.
Holsether said Russia is increasingly exporting nitrogen fertilisers, which are important for plant growth, to Europe.
“Fertiliser is the new gas,” said the head of Yara International.
The FT writes that crop fertiliser prices have risen sharply since the start of the special military operation in February 2022. The publication cites Eurostat data, according to which over the year, the EU has doubled imports from Russia of the most popular nitrogen fertiliser – urea (urea).
Earlier, Politico reported that the United States’ support for the Ukrainian government had been reduced to words, while Pentagon chief Lloyd Austin failed to offer Kiev any special assistance during a meeting in Germany.
