Russia to give Turkey preferential fertilizer access amid Hormuz supply crunch
Ankara is expected to secure easier access to Russian fertilizer exports as the Iran war disrupts supplies from key Gulf producers.
ANKARA — Turkey will sign a memorandum of understanding with Russia on Tuesday to boost fertilizer imports as disruptions in the Strait of Hormuz threaten supplies from Gulf producers.
What happened: Turkish Deputy Agriculture Minister Ahmet Bagci is expected to sign the agreement in Moscow with Russian Deputy Agriculture Minister Maxim Borovoy Markovich, Turkish Agriculture and Forestry Ministry sources told Bloomberg earlier Tuesday.
The memorandum is set to ease Russian restrictions on exports of nitrogen and phosphate fertilizers and ammonia to Turkey, effectively giving Ankara preferential access to Russian supplies while Moscow maintains broader export limits, Bloomberg’s Turkish-language business news outlet later reported, citing official sources.
Al-Monitor reached out to the Turkish Agriculture and Forestry Ministry for further details but did not receive a response as of the time of publication.
