Putin is weighing export curbs on strategic commodities like nicke.Contributor via Getty ImagesRussian President Vladimir Putin is considering limiting strategic commodity exports to counter Western sanctions.Putin cited uranium, nickel, and titanium as some commodities his government can look into.However, Russia's oil profits appear to be under pressure due to sanctions and increased breakeven prices.Russian President Vladimir Putin wants to impose his own trade restrictions to retaliate against the West's sanctions.But there's one issue: He still needs to fund the war in Ukraine and profits from oil exports are likely under pressure.On Wednesday, Putin told his government to consider the export of strategic commodities, such as uranium, nickel, and titanium, according to state news agency TASS."They are restricting supplies of a number of goods to us.
Similar Stories to Putin Wants To Retaliate Against Western Sanctions With Commodity Export Curbs — But Russia Needs The Money, Too on Bing News
htan@insider.com (Huileng Tan), Business Insider
Thu, 09/12/2024 - 12:28am
Topics: getty imagesrussian president vladimir putin western ukraine tass tomorrow."russia london metal exchange oxford institute energy studies s&p eastern europe rystad energy opec business insider russian president vladimir putin putin putin us russian russia march global europe tretyakova august retaliate commodity export export curbs oil commodities exports uranium profits nickel imposed barrel strategic breakeven war price titanium gas due government huge managed impose restrictions increased pressure year nuclear wednesday crude challenges seaborne metals wrote temporary production
BING NEWS:
- Russia’s tacit grain export curbs cause market confusion
referring to Western sanctions over Russia's military action in Ukraine that complicate cross-border payments with Russia and hinder Russian companies' access to international markets. The confusion ...
10/31/2024 - 2:33 am | View Link - Exclusive: Europe seeks to underpin Russia sanctions, fearing Trump overhaul
The possible steps include "catch-all" clauses to identify and stop suspect goods shipments destined for Russia and wider oil shipping curbs.
10/24/2024 - 6:55 pm | View Link - More
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