Log in
Log in
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
Sign up
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
  1. Homepage
  2. Equities
  3. Russia
  4. Moscow Micex - RTS
  5. Acron
  6. News
  7. Summary
    AKRN   RU0009028674

ACRON

(AKRN)
  Report
End-of-day quote Moscow Micex - RTS  -  2022-07-07
18362.00 RUB   -0.22%
11/23Putin promises further efforts to unblock more Russian fertiliser exports
RE
10/11Acron : Complex Fertilizers Prove Effective in Kenya
PU
10/11Acron : Completes Cancellation of its Treasury Shares
PU
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisionsFunds 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Putin promises further efforts to unblock more Russian fertiliser exports

11/23/2022 | 03:55am EST
Russian President Vladimir Putin and his Cuban counterpart Miguel Mario Diaz-Canel unveil a monument to Fidel Castro in Moscow

MOSCOW (Reuters) - President Vladimir Putin said on Wednesday Russian officials would work to unblock Russian fertilisers stuck in European ports and to resume ammonia exports via a pipeline through Ukraine.

At a meeting with Russian businessman Dmitry Mazepin, who gave up control of fertiliser producer Uralchem-Uralkali after he was hit by EU sanctions in March, Putin said Russia was ready to increase its fertiliser exports.

"The main problem was probably the fact that quite a lot of fertiliser was frozen in European ports," Mazepin said at the meeting, which was shown on state TV.

There are 262,000 tonnes of Uralchem's fertiliser frozen in ports of Estonia, Latvia, Belgium and the Netherlands, he said. Other producers, Acron and Eurochem, have 52,000 tonnes and almost 100,000 tonnes of their fertiliser stuck in Europe, respectively.

The cargoes are stranded because of the EU sanctions on the companies' former owners, including Mazepin. Uralchem said on Nov. 12 it had agreed with the Netherlands, Estonia and Belgium to ship the fertiliser to African countries for free.

Putin said, however, that even these proposed donations were being blocked. He agreed to ask Russian officials to help, saying he had been contacted by several African leaders on the issue.

"All the time we are talking about the need to help the poorest countries and on issues completely unrelated to food security these supplies, even donations, are blocked," Putin said. "It is totally unacceptable, but it is happening."

Mazepin also asked for Putin's further help with resumption of Russian ammonia exports via a pipeline running from Russia through Ukraine to the Black Sea.

The export of ammonia, used in fertiliser, was not part of last week's renewal of the Black Sea deal allowing Ukraine's grain shipments, though the United Nations has been optimistic Russia and Ukraine could agree on terms for the pipeline.

"We had hoped that when there was a continuation of the grain deal, which was recently made, this issue would also be resolved. But I would like to report to you that the Ukrainian side puts forward a number of political issues that are outside our competence," Mazepin said.

Putin answered: "We will also work with the U.N., with our colleagues from the organisation. We will see what comes of it."

Ukrainian President Volodymyr Zelenskiy said in September he would only back the resumption of ammonia exports via Ukraine if Moscow handed back prisoners of war, an idea the Kremlin rejected.

(Reporting by Polina Devitt; Editing by Mark Trevelyan)


ę Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
ACRON -0.22% 18362 End-of-day quote.48.58%
URALKALI 0.00% 119.04 End-of-day quote.0.00%
US DOLLAR / RUSSIAN ROUBLE (USD/RUB) 1.04% 63.05 Delayed Quote.-17.77%
All news about ACRON
11/23Putin promises further efforts to unblock more Russian fertiliser exports
RE
10/11Acron : Complex Fertilizers Prove Effective in Kenya
PU
10/11Acron : Completes Cancellation of its Treasury Shares
PU
09/29Acron : Opens Innovative Training Workshops at Novgorod Chemical and Industrial Technical ..
PU
09/15Acron : Dorogobuzh Allocates RUB 3 Million to Support Local Education
PU
09/09Exclusive-Norway's Yara close to acquiring Brazil's Petrobras fertilizer unit
RE
07/07Public Joint Stock Acron : Carbon Dioxide Operations at Dorogobuzh Pass FSSC 22000 Audit
PU
06/23Public Joint Stock Acron : Acron Group Appoints Pavel Vavilov Vice President for Legal Aff..
PU
04/29Brazil chemical maker Unigel interested in Petrobras' fertilizer project -CEO
RE
04/29Public Joint Stock Acron : Dorogobuzh Donates 1,000 Tonnes of Mineral Fertilisers to Smole..
PU
More news
Analyst Recommendations on ACRON
More recommendations
Financials (USD)
Sales 2020 120 B - -
Net income 2020 3 310 M - -
Net Debt 2020 102 B - -
P/E ratio 2020 0,91x
Yield 2020 37,6%
Capitalization 675 B 10 716 M -
EV / Sales 2019 2,30x
EV / Sales 2020 2,70x
Nbr of Employees -
Free-Float 5,70%
Chart ACRON
Duration : Period :
Acron Technical Analysis Chart | MarketScreener
Full-screen chart
Income Statement Evolution
Consensus
Mean consensus -
Number of Analysts 0
Last Close Price 18 362,00
Average target price
Spread / Average Target -
Managers and Directors
Vladimir Yakovlevich Kunitsky Chief Executive Officer
Aleksey Vladislavovich Milenkov Finance Director
Alexander Valerievich Popov Chairman
Yury Nikolayevich Malyshev Senior Independent Director
Nikolay Bagratovich Arutyunov Senior Independent Director
Sector and Competitors
1st jan.Capi. (M$)
ACRON48.58%10 807
CF INDUSTRIES HOLDINGS, INC.46.20%20 480
QINGHAI SALT LAKE INDUSTRY CO.,LTD-28.85%19 526
SABIC AGRI-NUTRIENTS COMPANY-22.20%17 147
THE MOSAIC COMPANY22.65%16 789
YARA INTERNATIONAL ASA1.87%11 654