In 2023, Belaruskali hired a Cypriot subcontractor called Dimicandum Invest Holding to transfer cargo from rail wagons to ships at the Russian port, even though the terminal operators could do the job far cheaper, according to BIC — a network of Belarusian investigative journalists in exile.
Documents acquired by BIC show that in 2023 Belaruskali agreed to pay the Cypriot firm $68 million for 3.4 million tons of potash — $20 per ton moved. The Cypriot firm then paid the port to do the job. Figures provided to BIC show the port’s market rate for these services is $11 per…
