MOSCOW, June 19 — Russia’s TogliattiAzot chemical fertiliser producer is suffering "colossal losses” due to the shutdown of the Togliatti-Odesa ammonia pipeline to Ukraine, the Russian state news agency TASS cited its parent company, Uralchem, as saying today.

According to TASS, Uralchem also said a new ammonia terminal in the southern Russian port of Taman would fully cover the export needs of Russia’s ammonia producers.

The Togliatti-Odesa pipeline has been shut since Moscow invaded Ukraine in February last year.

Russia has repeatedly said that a reopening of the pipeline is a key condition for renewal of the deal permitting Ukraine to export grain safely from its ports on the Black Sea. — Reuters