Rysk ekonomisk politik: Varför går det så bra?

Russian Fertilizer Exports to EU Jump 43% Year-on-Year

Exports of mineral fertilizers from Russia to the European Union increased by 43% year-on-year in August to 3.3 million tons, the Vedomosti business daily reported, citing data from Metals & Mining Intelligence (MMI).

In monetary terms, exports increased by 32% to 1.1 billion euros ($1.21 billion).

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The largest buyers of Russian fertilizers in the EU were Poland (857,000 tons), France (380,000 tons) and Germany (375,000 tons). Poland increased its imports 2.7-fold year-on-year, France increased its imports by 18% and Germany reduced its purchases by 17%.

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Vedomosti noted that the cost of fertilizer production in the EU, especially for nitrogen fertilizers, has risen sharply in 2022 as gas prices for ammonia, the raw material for nitrogen fertilizers, and power plants — fertilizer production is energy-intensive — have skyrocketed. This has forced major European producers such as Poland's ANWIL and Grupa Azoty, as well as Lithuania's Achema, to suspend production.

According to the UN Food and Agriculture Organization, Russia is the world's largest exporter of nitrogen fertilizers and the leading exporter of potash and phosphate fertilizers.

Russia's largest oil refinery lifts 9-month crude processing by 4%

MOSCOW, Oct 11 (Reuters) -The Omsk oil refinery, Russia's largest by production volumes, increased crude processing by 4% year-on-year in the January to September period thanks to a modernisation of its facilities, energy giant Gazprom GAZP.MM said.

The oil refinery, which is controlled by Gazprom's oil arm Gazprom Neft SIBM.MM, also said in its statement late on Thursday that it boosted domestic supply of gasoline by 5% and of diesel by 10% in the period.