Swiss trader could not buy Uralchem-owned terminal in the port of Riga

AK&M 23 November 2022 14:34

The deal on the sale of the terminal for transshipment of fertilizers in the port of Riga, owned by Uralchem, to a Swiss trader did not take place. This was announced by the co-owner of Uralchem Dmitry Mazepin at a meeting with President Vladimir Putin, according to a transcript posted on the Kremlin's website.

The Swiss trader wanted to take over the rights of the Port of Riga for six months. Couldn't. Four weeks ago, the trader refused the deal and returned the documents because he could not actually purchase the port, D. Mazepin stressed.

"We proposed a scheme that the Riga port, which we built from scratch for 42 million euros, we were ready to sell it for the same amount. The money was supposed to come to Riga, and we voluntarily said: "You can freeze this money, but only so that the port works," D. Mazepin said.

However, according to him, the Latvian side was looking for all possible ways to "solve problems." "They honestly told us that you can apply to the Latvian courts. We appealed to the Latvian courts - the courts did not consider this case," D. Mazepin said.

Uralchem JSC (TIN 7703647595) is one of the largest companies in the market of nitrogen and phosphorus fertilizers in the Russian Federation and the CIS, with capacities for the production of more than 3 million tons of ammonia, 3 million tons of ammonium nitrate and its derivatives, 1.2 million tons of urea and 1 million tons of phosphorus and complex fertilizers per year. Uralchem ranks first in Russia in the production of ammonium nitrate, second in the production of ammonia. The main production assets of Uralchem JSC include the Azot branch (Berezniki, Perm Krai), the PMU branch (Perm), the KCHK branch (Kirovo-Chepetsk, Kirov Region), the Voskresensk Mineral Fertilizers JSC (Voskresensk, Moscow Region).