Russian Businessman Found Dead on Cyprus Beach After Belarus Detention
Authorities in Cyprus have confirmed the identification of a body found on a beach as that of Vladislav Baumgertner. He was the former CEO of Uralkali, Russia’s largest potash company. The identification follows a DNA analysis conducted by the police on a British military base.
Details Surrounding the Discovery
Baumgertner, aged 53, had been reported missing from his residence in Limassol on January 7. His remains were discovered one week later on Avdimou beach, located on the southern coast of Cyprus.
An investigation into the circumstances surrounding his death is currently underway. The British Sovereign Base Areas police are leading the inquiry and have notified Baumgertner’s family about the developments.
Background on Vladislav Baumgertner
- Former CEO of Uralkali, Russia’s largest potash producer.
- Detained in Belarus in 2013 due to a dispute with Belarusian authorities.
- He was placed under house arrest for two months before being extradited to Russia.
Baumgertner’s legal issues stemmed from a commercial conflict involving the Belarusian Potash Company. Analysts suggested that his arrest was revenge for withdrawing Uralkali from a joint venture that significantly impacted the potash export market.
Implications of Uralkali’s Withdrawal
The joint venture, vital for exporting potash, accounted for a quarter of the global supply. Baumgertner’s exit led to concerns over job losses at the Belarusian Potash Co. and the potential for a price war in the market.
Life in Cyprus
In recent years, Baumgertner resided in Cyprus. He lived above his business in Limassol, a city popular among Russian expatriates.
The continuing investigation aims to uncover the details surrounding his death. Authorities are expected to provide updates as the inquiry progresses.
