The U.S. International Trade Commission revoked hefty anti-dumping and anti-subsidy duties on urea ammonium nitrate fertilizers from Russia and Trinidad and Tobago on Monday, concluding that those imports did not hurt American producers.

The panel’s vote may help ease shortages and price increases for fertilizers brought on by Russia’s invasion of Ukraine, both major fertilizer exporters. It also marks a rare trade reprieve for Moscow amid tightening Western sanctions and other economic pressure over the nearly five month-old Ukraine conflict. / Reuters