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Russia suspended ammonium nitrate export licenses from March 21 through April 21 earlier this week, citing domestic planting season needs — a move that economist Steve Hanke says is a direct signal to the West: ease sanctions, or fertilizer won’t flow.
Russia’s Market Grip
Russia controls up to 40% of global trade in ammonium nitrate, making the freeze immediately consequential for world agricultural supply chains. Moscow’s stated rationale is prioritizing spring planting, but Hanke argued the timing and leverage are inseparable from the ongoing sanctions standoff.
In a post on X late Wednesday, Hanke also shared a list of the biggest ammonium nitrate importers, saying “sanctions will have to give or fertilizer won’t flow.”
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