U.S. to help restore Russia’s access to world market for agricultural exports

In line with presidential-level discussions between President Trump and President Vladimir Putin, the United States facilitated bilateral technical-level talks with the Russian delegation March 23-25 in Riyadh, Saudi Arabia, according to a White House statement. As a result of those discussions, the United States and Russia have agreed to ensure safe navigation, eliminate the use of force, and prevent the use of commercial vessels for military purposes in the Black Sea. The United States will help restore Russia’s access to the world market for agricultural and fertilizer exports, lower maritime insurance costs, and enhance access to ports and payment systems for such transactions. The United States and Russia agreed to develop measures for implementing President Trump’s and President Putin’s agreement to ban strikes against energy facilities of Russia and Ukraine. The United States and Russia welcome the good offices of third countries with a view toward supporting the implementation of the energy and maritime agreements. The United States and Russia will continue working toward achieving a durable and lasting peace. The United States reiterated President Donald J. Trump’s imperative that the killing on both sides of the Russia-Ukraine conflict must stop, as the necessary step toward achieving an enduring peace settlement. To that end, the United States will continue facilitating negotiations between both sides to achieve a peaceful resolution, in line with the agreements made in Riyadh. Publicly traded companies in the space include Mosaic (MOS), Nutrien (NTR), CF Industries (CF), Andersons (ANDE), Archer Daniels (ADM), Bunge (BG), Compass Minerals (CMP) and Intrepid Potash (IPI).