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    UK Court awards £20m Damages in favour of Nigeria against P&ID

    FG, States, LGs share ₦2.00 Trillion for month of July 2025

    SEC warns against investing with GVEST Global’s illegal schemes

    SEC warns against investing with GVEST Global’s illegal schemes

    Only 23% of Nigerians trust INEC- Report says

    APGA candidates win Anambra by-elections

    US deficit grows to US$291 billion in July – Reports

    US deficit grows to US$291 billion in July – Reports

    Onitsha River Port receives first container barge for 2025 season

    Onitsha River Port receives first container barge for 2025 season

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    President Buhari commissions the new US$100m Ultra-modern MMIA Terminal

    Festus Keyamo – Our Plans for the Murtala Mohammed International Airport Lagos

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    Conoil Plc reports 88.8% drop in profit to N900 million in H1 2025

    Brent crude oil price rise above $70 on OPEC projections

    OPEC+ agrees to increase oil production for September

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    • Economic Data
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    “CBN plans to shut down financial transactions” – Apex Bank warns of fake news

    CBN’s Monetary Policy Committee retains interest rate at 27.50%

    President Tinubu approves establishment of South-East Investment Company

    President Tinubu approves establishment of South-East Investment Company

    UK tightens visa rules for care workers, skilled workers and students

    UK tightens visa rules for care workers, skilled workers and students

    United States scraps visa dropbox service for Nigerian applicants

    President Donald Trump cancels protection for 500,000 Haitian migrants

    Spain golden visa scheme ends as Portugal and Greece demand increases

    Spain golden visa scheme ends as Portugal and Greece demand increases

    CBN fines nine banks 150 million Naira each for failing to dispense cash

    CBN ends free ATM withdrawals for other banks’customers

    FG increases private university application fee from N5m to N25m

    FG increases private university application fee from N5m to N25m

    United States scraps visa dropbox service for Nigerian applicants

    United States scraps visa dropbox service for Nigerian applicants

    Buhari says Nigeria security and economy improved during his tenure

    Buhari says Nigeria security and economy improved during his tenure

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    Shareholder’s resolutions at Guaranty Trust Bank’s Annual General Meeting

    GTBank gets ₦365.85 billion capital injection, meets new minimum capital requirement

    NNPC and Partners to build first methanol plant in Nigeria

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    Augusto & Co. upgrades Globus Bank Limited’s rating to A and A1

    Augusto & Co. upgrades Globus Bank Limited’s rating to A and A1

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    List of Dividends announced in 2025, qualification and payment dates

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    Weekly Report: Nigerian Exchange sees mixed performance as Cutix Plc emerge top gainer

    Again DMO offers N360 billion FGN bond for February

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Russia ready to give fertilizers to developing nations for free – Putin

Friday, 16 September 2022, 7:35 pm
in News, World
0
Russia ready to give fertilizers to developing nations for free – Putin
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President Vladimir Putin of Russia has stated that his country is prepared to provide 300,000 tons of fertilizers currently amassed at European Union ports to developing nations free of charge.

According to his statement, massive amounts of fertilizers are help up at EU ports due to “Western” sanctions On Russia, over the ongoing war in Ukraine.

Also read; Germany seizes control of 3 oil refineries owned by Russian giant Rosneft

Putin made the statement at a summit meeting of the Shanghai Cooperation Organisation (SCO) in Uzbekistan.

“The day before yesterday I informed Mr. Guterres that 300,000 tons of Russian fertilizers had piled up in the European Union’s seaports,” Putin said, adding that Moscow is “ready to give them to developing countries for free,” and that such deliveries would be instrumental in alleviating the global food crisis.”

The President said that he had discussed agricultural export issues with UN Secretary – General Antonio Guterres.

In late July, a UN-brokered talks in Istanbul yielded a deal signed by Moscow and Kiev to unblock Ukrainian grain exports via the Black sea. A part of the deal was to allow Russia deliver fertilizers and food goods to global markets.

RT reported that while Putin welcomed the decision to allow Russian fertilizers into the EU, he criticised Brussels for only allowing the bloc’s member states to buy them.

“It turns out that only they could purchase our fertilizers. What about the developing countries, the poorest countries of the world?” he asked.

Putin went on to ask the UN Secretariat to leverage the EU Commission so that “not in words, but in deeds,” and to demand the removal of these discriminatory restrictions against developing countries by allowing Russian fertilizers to reach emerging markets.

On Thursday, Russia’s permanent representative to the UN Vassily Nebenzia said that the “illegal unilateral sanctions” the West has imposed on Moscow over the Ukraine conflict are still blocking the export of Russian food products and fertilizers to global markets despite earlier agreements.

He also accused EU officials of “selfishness, cynicism and hypocrisy” for prohibiting European carriers from transporting Russian fertilizers to Africa, Asia or Latin America, while allowing deliveries to EU countries.

Nnamdi Maduakor
Nnamdi Maduakor

Nnamdi Maduakor is a Writer, Investor and Entrepreneur

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