Wednesday, April 16, 2014


Russia

Russia Puts Uralkali Chief Under House Arrest

Uralkali CEO Vladislav Baumgertner Uralkali CEO Vladislav Baumgertner
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Uralkali CEO Vladislav Baumgertner
Uralkali CEO Vladislav Baumgertner
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Vladislav Baumgertner, the CEO of Russian potash producer Uralkali, has been put under house arrest in Moscow.

A Moscow court on December 10 ordered Baumgertner released from a pretrial detention center and placed under house arrest.

Baumgertner was arrested in Minsk in late August, days after he withdrew his company from a joint venture with a Belarusian state company.

Belarusian authorities charged him with abuse of office and embezzlement and placed him under house arrest in Minsk.

A Moscow court later issued an order for Baumgertner's arrest on similar charges and demanded his extradition.

Belarus agreed to extradite him to Russia after a change in Uralkali's ownership structure demanded by Minsk.

The collapse of the Russian-Belarusian potash sales cartel severely affected Belarusian state revenues and caused a row between Minsk and Moscow.

Based on reporting by ITAR-TASS and Interfax

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