What Lies Beneath – The Mucky Business of Russian Fertilizers


There has been a running battle over ownership of Russian fertilizer producers since privatisation started in 1994. The latest major event was the sale of Uralkali by Suleyman Kerimov to Mikhail Prokhorov. Normally we would predict that the endgame would be for this industry to end up in a state-owned enterprise, but the current lack of equilibrium may last some time, as it reflects the unstable state of affairs amongst the oligarchs.