A ship with Russian fertilizers was detained in the Finnish port

A ship carrying 20 thousand tons of fertilizers was detained in Finland due to suspicionthat they belong to a person on the EU sanctions listView of the port of Kotka

In the port of Kotka in southern Finland, a ship was detained with fertilizers, which, according to local authorities, are associated with a "Russian oligarch" who is under EU sanctions, reports Yle.

The cargo ship Smew is now anchored outside the port. According to the publication, it can contain 20 thousand tons of fertilizers; Yle estimates the value of the cargo at €10–12 million.

“We found out that the fertilizer probably belongs to a person on the EU sanctions list. According to EU rules, assets must be frozen if they are discovered, Pia Sarivaara, HEAD of the sanctions department at the Finnish Foreign Ministry, told the publication. If this is not confirmed, the ship will be able to proceed further. The cargo will not be delayed if it is destined for a third country.

According to Kimmo Naska, DIRECTOR General of the Port of Hamina Kotka, this is the first time that cargo has been stopped at the port due to EU sanctions. RBC sent a request to the administration of Kotka.

In December, the European Union allowed relief for a number of Russian sanctioned entities, allowing them to use exceptionally unfrozen funds or assets if such resources are needed to ensure the supply of Russian agricultural products and fertilizers to third countries. At the same time, all transactions in this process must be approved by regulatory authorities.

Fertilizer prices began to rise rapidly after the outbreak of the conflict in Ukraine and restrictions imposed on a number of Russian and Belarusian companies, as well as their owners. Facilitating the unblocking of Russian fertilizer exports was part of the UN commitments under the grain deal concluded with the participation of RUSSIA, Ukraine and Turkey.

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The owner of the cargo detained in Finland is still unknown. The largest Russian fertilizer producers - PhosAgro, Akron, Eurochem, Uralchem, as well as the agricultural producer Rusagro - were previously owned or controlled by businessmen who fell under EU sanctions (Andrey Guryev, Vyacheslav Kantor, Andrey Melnichenko, Dmitry Mazepin , Vadim Moshkovich). Due to restrictions, they have reduced their stakes or completely withdrawn from the capital of the companies.