Russia mulls titanium and uranium export caps – deputy FM

President Putin earlier ordered the government to look into restrictions that Moscow could impose in response to Western sanctions

Russia could limit the supply of certain raw materials, such as titanium and uranium, to the global market, Deputy Foreign Minister Sergey Ryabkov said on Saturday. According to the senior official, Moscow is currently “weighing the pros and cons” of the move.

The possibility was first voiced by Russian President Vladimir Putin earlier in the week. At a meeting on Wednesday, Putin asked the government to look into the benefits and downsides of capping exports of some strategically important commodities in response to Western sanctions. He noted that while Russia is currently “limited in the supply of a number of goods,” it still exports many products to the world market, effectively allowing both friends and foes to stockpile them.

“Maybe we should also think about certain restrictions,” the president said,…

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