YARIY Yara International ASA (PK)

By Dominic Chopping

Norwegian fertilizer producer Yara International ASA said Friday that as a result of additional European Union sanctions in response to Russia's invasion of Ukraine, the company has stopped all sourcing from suppliers linked to entities and persons that have been sanctioned.

"Yara is currently reviewing the detailed scope and impact of the sanctions," it said.

The company said it will aim to continue supplying customers and secure continuity in food supply chains by utilizing its global production system, but noted concern for global food security and called on government action to protect food supply chains and decrease dependency on Russia.

Earlier this week Yara temporarily curtailed production at its Ferrara, Italy and Le Havre, France plants due to the record high natural-gas prices in Europe, expecting its European ammonia and urea production to be operating at 45% of capacity by the end of this week.

Write to Dominic Chopping at dominic.chopping@wsj.com

(END) Dow Jones Newswires

March 11, 2022 03:24 ET (08:24 GMT)

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