NEWS
CEO of Russian Potash Producer Arrested
Mon Aug 26, 2013 04:09 PM CDT

MOSCOW (Dow Jones) -- The chief executive of Russian potash producer Uralkali was arrested Monday in Belarus on criminal charges after a meeting with the country's prime minister, heating up a fight over trade of the fertilizer ingredient.

The arrest of Vladislav Baumgertner and a Belarussian threat to seize assets comes less than a month after Uralkali pulled out of a trade partnership with Belarus's state-run potash miner, Belaruskali, effectively ending a virtual global pricing cartel and upending the shares of potash companies around the world.

Russia responded angrily, calling the arrest unacceptable. "What happened today is beyond all bounds. ...

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