Russia has suspended ammonium nitrate export licenses from March 21 to April 21, citing domestic planting season needs, a move that economist Steve Hanke believes is a direct signal from the West to ease sanctions. The move is significant for global agricultural supply chains as Russia controls up to 40% of global ammonia trade. Hanke also shared a list of the biggest ammonium Nitrate importers. The global supply crunch is already contributing to a global shortage, with a Ukrainian drone strike recently destroying an 11% of Russia's ammoniam nitrate output.