On September 12, Jinshi Data reported that Russian President Putin has asked the government to consider whether it is necessary to restrict the export of bulk commodities such as nickel, titanium, and uranium in retaliation for Western sanctions. Earlier, after the implementation of sanctions in the United States and the United Kingdom, the London Metal Exchange banned the acceptance of newly produced Russian nickel and aluminum in April, but Russia sells most of its production to end users. “I’m not saying we have to do it tomorrow, but we can consider certain restrictions on the supply to foreign markets, not only for the commodities I mentioned, but also for other commodities,” Putin said.
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Putin calls for considering limiting exports of bulk commodities such as nickel and uranium
On September 12, Jinshi Data reported that Russian President Putin has asked the government to consider whether it is necessary to restrict the export of bulk commodities such as nickel, titanium, and uranium in retaliation for Western sanctions. Earlier, after the implementation of sanctions in the United States and the United Kingdom, the London Metal Exchange banned the acceptance of newly produced Russian nickel and aluminum in April, but Russia sells most of its production to end users. “I’m not saying we have to do it tomorrow, but we can consider certain restrictions on the supply to foreign markets, not only for the commodities I mentioned, but also for other commodities,” Putin said.