Tuesday, September 3, 2013

Interpol Puts Russian Billionaire on Wanted List

Interpol put Russian billionaire Suleiman Kerimov on a wanted list Monday, Belarusian television reported, citing the Interior Ministry. Kerimov is the biggest shareholder in fertilizer giant Uralkali, which is embroiled in a commercial battle with its Belarusian counterpart. Minsk is seeking his detention, including through an international arrest warrant, on charges that carry a possible sentence of up to 10 years in prison, the Belarusian state news agency BelTA reported. The arrest warrant is an escalation of the criminal case facing businessmen linked to Uralkali after the company’s CEO, Vladislav Baumgertner, was arrested last week in Minsk's airport following a reported invitation from Belarusian Prime Minister Mikhail Myasnikovich to attend an official meeting. In July, Uralkali, the world's biggest potash producer, dissolved an international cartel with Belarusian potash giant Belaruskali, blaming Minsk for violating their cooperation agreement. The move sent shares in fertilizer producers tumbling worldwide and has precipitated a steady fall in fertilizer prices as consumers and traders anticipate a spike in competition for customers.


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