March 24 (Reuters) - Russian potash producer Uralkali
said on Thursday that an agent for its syndicated
pre-export credit facilities would not accept a payment from the
company to its lenders.
Uralkali said it has performed all necessary actions to
effect payment under the facilities, scheduled for March 24.
It did not disclose the size of the blocked payment nor the
credit facilities to which it relates.
Debt obligations from Russian companies linked to sanctioned
billionaires have run into hurdles in recent days due to Western
sanctions triggered by Moscow's invasion of Ukraine.
Uralkali said it assumes that the actions of the agent,
Credit Agricole Corporate & Investment Bank, are related to
uncertainties following sanctions imposed on Dmitry Mazepin.
However, on Monday Uralkali said Mazepin had ceded control
of the company.
Uralkali said it believes there are no grounds to refuse the
payment and that it is not subject to sanctions.
(Reporting by Anna Pruchnicka; Editing by Kirsten Donovan)