Belarus supplies 15-20% of global potash — Belaruskali's output feeds agricultural supply chains worldwide. Post-2022 EU/US sanctions disconnected Belarusian banks from SWIFT, creating settlement paralysis for non-sanctioned trade flows. LCORE's gold DVP can structure settlement for non-SDN, non-sanctioned entities after full OFAC/EU/ADGM compliance screening: buyer deposits gold in Abu Dhabi escrow, potash ships via Lithuanian or Russian ports, delivery confirmed, gold releases. Compliance clearance required before any mandate acceptance.
Request ConsultationWhen BYR payments are blocked by correspondent banking compliance, LCORE's gold DVP provides a neutral Abu Dhabi alternative. Belarusian commodity traders can deposit physical gold into DVP escrow -- commodity delivers -- payment in BYR confirms -- gold releases. 2-3 working days.
ADGM English Law governs. Lloyd's $200M insurance throughout. UAE geopolitically neutral -- not subject to US, EU, or UK sanctions regime.
Confidential. Min $5M. ADGM 28158.
Belarus is the world's third-largest potash exporter, with Belaruskali producing over 12 million tonnes of potash fertiliser annually from mines near Soligorsk. Brazilian, Chinese, and Indian agricultural buyers represent the dominant offtake markets, making potash the single largest hard currency earner. Petroleum products refined from Russian crude at the Mozyr and Naftan refineries are exported to Ukraine (historically), Poland, and Baltic states. Nitrogen fertilisers from Grodno Azot compete in European and Asian markets. Timber and wood products from the Belarusian forest complex supply EU and Chinese buyers. Steel and metalware from the Zhlobin steel mill target regional construction markets. BELAZ mining trucks from Minsk-based manufacturers are exported widely to Russia and Central Asia. Post-2020 EU and US sanctions have forced Belarus to restructure commodity trade away from Western buyers toward Russian, Chinese, and Middle Eastern markets — creating demand for settlement infrastructure outside SWIFT.
Belarus is subject to comprehensive EU, US, UK, and Canadian sanctions following the 2020 electoral crisis and the forced landing of Ryanair FR4978 in 2021. SWIFT disconnection of major Belarusian banks effectively cut Belarus off from USD and EUR correspondent banking for sanctioned entities. Even non-sanctioned Belarusian commodity traders face extreme de-risking by Western banks unwilling to incur secondary sanctions risk. The Belarusian ruble (BYN) is not convertible outside the post-Soviet space. Potash exports faced direct sanctions targeting Belaruskali and the Belarusian Potash Company. Russian bank intermediation has partially replaced SWIFT access but creates additional compliance risk for buyers. LCORE's Abu Dhabi gold DVP provides a sanctioned-aware settlement framework under ADGM jurisdiction: only non-SDN counterparties are eligible, and LCORE conducts full OFAC/EU sanctions screening before accepting mandates.