Uralchem: "False allegations spread through the media"

Over the past week, a number of media outlets published materials containing false allegations that aim to damage the business reputation of Uralchem JSC and its management, according to the company.

"In those publications disseminated in some Russian and foreign language media, Uralchem is falsely accused of tax evasion, obtaining loans from state banks to siphon funds abroad, and illegal appropriation of mineral resources. The said materials make baseless speculations as to the company’s imminent bankruptcy and potential liquidation. In addition, a number of reports groundlessly accuse Uralchem’s management of corruption and attempts of improper influence on Russian tax and law enforcement authorities.

"Uralchem categorically states that the facts and figures featured in those publications and materials should not be relied on and are nothing but their authors’ conjectures. Those publications were clearly produced to harm the company and are far removed from genuine business journalism.

"We also wish to officially state that Uralchem is a bona fide taxpayer. All companies within the Uralchem Group are subject to regular field and desk tax audits. Neither the Federal Tax Service nor other law enforcement agencies impute any non-payment or other tax violations to Uralchem."

Read the full statement here.

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