Photo by: Bloomberg
Russia’s squeeze on gas shipments in the wake of Moscow’s invasion of Ukraine is hurting industries across Europe. But Bloomberg reports that fertiliser companies are being particularly hard hit, owing to gas being both a key feedstock and a source of power for the sector. About 70% of capacity was offline in late August, according to Fertilizers Europe. And as Europe becomes a net importer of fertiliser, there are warnings that the fallout will spread to other regions, especially Africa. Photograph: Bloomberg