Trade restrictions on EuroChem in Ukraine
Zug, Switzerland, 21 September 2017 – EuroChem Group AG (“EuroChem” or the “Group”), a leading global fertilizer company, notes with concern reports of temporary, to apply for three months, restrictions in the Ukraine on certain companies of the EuroChem Group in Russia and Ukraine to engage in foreign economic activities, effective from October 29, 2017.
EuroChem and its companies operate in more than 100 countries around the world and adhere strictly to all relevant national legislation. The Group therefore considers these restrictions to be indefensible and will shortly apply to the appropriate Ukrainian authorities for a detailed explanation of the decision. EuroChem will also provide any required information to show that it is acting entirely in accordance with local law and to have these restrictions lifted.
About EuroChem Group AG
EuroChem is a leading global fertilizer company producing primarily nitrogen and phosphate fertilizers, as well as certain organic synthesis products and iron ore. The Group is vertically integrated with activities spanning from mining and hydrocarbons extraction to fertilizer production, logistics, and distribution. EuroChem is currently developing two sizeable potash deposits in Russia with its VolgaKaliy and Usolskiy Potash greenfield projects. Headquartered in Zug, Switzerland, the Group operates production facilities in Belgium, China, Kazakhstan, Lithuania, and Russia, supporting distribution assets in Europe, the CIS, Asia, and North and South America. EuroChem employs more than 25,000 people globally.
For more information, please visit eurochem-corporate-qa1b64.azurewebsites.net or contact:
Head of Communications
EuroChem Group AG
Elena Kalinskaya /Leonid Fink
+44 (0) 20 3727 1000
Head of Public Relations
Head of Investor Relations
EuroChem Group AG