Brazilian President Jair Bolsonaro awards Order of Rio Branco to Andrey Guryev, Chairman of Russia-Brazil Council of Entrepreneurs

Rhea-AI Summary

On February 17, 2022, Brazil's President Jair Bolsonaro awarded Andrey Guryev, CEO of PhosAgro, the honorary Order of Rio Branco for enhancing Russian-Brazilian business relations. Guryev emphasized the growing collaboration potential between the two nations during the award ceremony in Moscow. Under his leadership, the Russia–Brazil Business Council has intensified efforts to improve trade ties. PhosAgro has significantly increased its eco-friendly fertilizer exports to Brazil, delivering 1.6 million tonnes in 2021, a 33% rise from 2020, contributing to 14% of Russia's total exports to Brazil.

Positive

• Increased fertilizer exports to Brazil, delivering 1.6 million tonnes in 2021, marking a 33% rise from the previous year.
• PhosAgro's fertilizers constitute 14% of Russia's total exports to Brazil, aiding governmental non-commodity export goals.
• Under Guryev's leadership, the Russia–Brazil Business Council is focused on enhancing bilateral trade relations.

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• None.

MOSCOW, Feb. 17, 2022 /PRNewswire/ -- The President of Brazil, Jair Bolsonaro, awarded Andrey Guryev, Chairman of the Russia–Brazil Council of Entrepreneurs and CEO of PhosAgro, the honorary Order of Rio Branco for his contribution to the development of bilateral relations.

The ceremony was held during President Bolsonaro's meeting with representatives of Russian business in Moscow. Established in 1963, the order is one of the highest honours that a foreign citizen can receive in Brazil.

"Thank you, Mr President, for the honour and for the high regard for my contribution to the growth of Russian–Brazilian business relations. I am delighted to be able to draw on PhosAgro's expertise and close partnership with Brazilian businesses to bring our countries closer together.

"During my time as Chairman of the Business Council, I have become convinced of the enormous potential of collaboration between Russia and Brazil. Actualising that collaboration and strengthening relationships between business circles have become an important personal mission for me.

"Receiving this award from you is an exceptional vote of confidence for the continuation of the Business Council's results-oriented work. It is a symbol of high-level support and attention, which will help take the dialogue between Russian and Brazilian businesses to a whole new level for the benefit of our countries," said Mr Guryev.

The Russia–Brazil Business Council was founded in 2004 to foster contacts between Russian and Brazilian businesses, promote Russian exports and investments in Brazil, and attract Brazilian investments in Russia. Since 2019, the Council has been led by Andrey Guryev, CEO of PhosAgro. The work of the Council of Entrepreneurs has noticeably intensified recently; bilateral business ties have expanded, and more proposals are being made to bolster trade and economic cooperation between Russia and Brazil.

Over the last 10 years, PhosAgro, headed by Mr Guryev, has doubled supplies to Brazil of eco-efficient mineral fertilizers without hazardous levels of toxic substances that are harmful to human health and soil. In 2021, the Company delivered 1.6 million tonnes of products to Brazilian farmers, which was a third more than the previous year. PhosAgro's fertilizers account for around 14% of Russia's overall exports to Brazil, making an important contribution to the governmental goal of expanding Russia's high-tech non-commodity exports. PhosAgro's office in Sao Paulo has been operational since 2015.

About PhosAgro

PhosAgro (www.phosagro.ru) is one of the world's leading vertically integrated phosphate-based fertilizer producers in terms of production volumes of phosphate-based fertilizers and high-grade phosphate rock with a P₂O₅ content of 39% and higher. PhosAgro's environmentally friendly fertilizers stand out for their high efficiency, and they do not lead to the contamination of soils with heavy metals.

The Company is the largest phosphate-based fertilizer producer in Europe (by total combined capacity for DAP/MAP/NP/NPK/NPS), the largest producer of high-grade phosphate rock with a P₂O₅ content of 39%, a top-three producer of MAP/DAP globally, one of the leading producers of feed phosphates (MCP) in Europe, and the only producer in Russia, and Russia's only producer of nepheline concentrate (according to the RAFP)

PhosAgro's main products include phosphate rock, more than 50 grades of fertilizers, feed phosphates, ammonia, and sodium tripolyphosphate, which are used by customers in 102 countries spanning all of the world's inhabited continents. The Company's priority markets outside of Russia and the CIS are Latin America, Europe and Asia.

PhosAgro's shares are traded on the Moscow Exchange, and global depositary receipts (GDRs) for shares trade on the London Stock Exchange (under the ticker PHOR). Since 1 June 2016, the Company's GDRs have been included in the MSCI Russia and MSCI Emerging Markets indexes.

More information about PhosAgro can be found on the website: www.phosagro.com.

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SOURCE PhosAgro

FAQ

What impact does Andrey Guryev's award have on PhosAgro's business in Brazil?

Andrey Guryev's award may enhance PhosAgro's reputation and further strengthen trade relations with Brazil, potentially leading to increased sales.

How much fertilizer did PhosAgro export to Brazil in 2021?

PhosAgro exported 1.6 million tonnes of fertilizers to Brazil in 2021, a 33% increase compared to 2020.

What percentage of Russia's exports to Brazil are made up by PhosAgro's fertilizers?

PhosAgro's fertilizers account for approximately 14% of Russia's overall exports to Brazil.

What is the significance of the Order of Rio Branco awarded to Guryev?

The Order of Rio Branco is one of Brazil's highest honors for foreign citizens, recognizing efforts to strengthen bilateral relations.

When was the Russia–Brazil Business Council established?

The Russia–Brazil Business Council was founded in 2004 to promote business ties between the two countries.