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Minsk to seek damages from Uralkali CEO Baumgertner

13:50 07/02/2014

MINSK, February 7 (RAPSI) – Belarus will seek compensation from Uralkali CEO Vladislav Baumgertner for financial damages, Belarusian Prosecutor General Alexander Konyuk told journalists on Friday.

Belarusian law-enforcement authorities earlier said that damage costs could reach $100 million.

Baumgertner was detained in Belarus last August and charged with abuse of power. In November he was turned over to Russia and placed in detention. According to Federal Penitentiary Service spokesperson Sergey Tsygankov, he was held in a cell with three other suspects until he was placed under house arrest. He added that Uralkali CEO was ordered to wear an electronic monitoring device. The official didn't provide any additional details on restrictions imposed against Baumgertner.

Russia's Prime Minister Dmitry Medvedev said on December 6 that the Uralkali case had been too politicized, and that a thorough investigation would be carried out. The charges against Baugertner in Belarus followed a July decision by Uralkali to dissolve its international cartel with Belaruskali, sending potash prices spiraling down.

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Minsk to seek damages from Uralkali CEO Baumgertner

13:50 07/02/2014 Belarus will seek compensation from Uralkali CEO Vladislav Baumgertner for financial damages, Belarusian Prosecutor General Alexander Konyuk told journalists on Friday.
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