Putin’s comments to government ministers sent nickel prices higher and pushed up shares in uranium mining companies.
He said Putin Such restrictions could also be imposed on other goods, he noted. Russia A major producer of natural gas, diamonds and gold.
But he added that the measures should not be taken “tomorrow”, and should not cause harm to Russia itself.
“Russia is the leader in reserves of a number of strategic raw materials: for natural gas, almost 22 percent of the world’s reserves, for gold – almost 23 percent, for diamonds – almost 55 percent,” Putin said.
“Please take a look at some of the types of goods we supply to the world market… Maybe we should think about certain restrictions – uranium, titanium, nickel,” he told Prime Minister Mikhail Mishustin.
“We should not do anything that would harm ourselves,” he added.
Analysts said Western countries have sharply reduced their purchases of Oil Russian gas has been on the rise since the start of the war in Ukraine, but Russia remains a major supplier of metals to global markets, so cutting or halting its exports could cause disruption.
