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Russian ‘Force Majeure’ on Resource Exports Could Clobber Western Economies: Here’s Why

September 12th, 2024
Categories: News

Link: https://sputnikglobe.com/20240912/russian-force-majeure-on-resource-exports-could-clobber-western-economies-heres-why-1120125698.html

President Putin has asked the government to consider restrictions on the export of strategic materials like nickel, titanium and uranium in response to unfriendly countries’ actions. Sputnik asked investment experts specializing in resource markets how these restrictions would impact the world economy. In short: it wouldn’t be pretty for the West. Investors and market experts are buzzing over the Russian president’s instructions to Prime Minister Mishustin to whip up a report on measures Russia could take to limit the export of certain strategic minerals in response to Western sanctions policy, with uranium stocks enjoying an immediate price surge, and observers warning of shortages and hefty price increases for strategic metals if were to Moscow move forward with restrictions.

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