https://sputnikglobe.com/20240911/putin-russia-may-restrict-export-of-strategic-materials-in-response-to-unfriendly-powers-actions-1120109081.html
Putin: Russia May Restrict Export of Strategic Materials in Response to Unfriendly Powers' Actions
Putin: Russia May Restrict Export of Strategic Materials in Response to Unfriendly Powers' Actions
Sputnik International
Despite slapping Moscow with an unprecedented sanctions regime in 2022, European countries and the United States continue to rely on vast quantities of Russian energy and strategic materials, including gas and uranium, importing them to prevent spiking energy prices and shortages from wrecking their economies.
2024-09-11T14:33+0000
2024-09-11T14:33+0000
2024-09-11T15:25+0000
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vladimir putin
mikhail mishustin
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Russia is a world leader in the production of an array of strategic minerals, from natural gas, gold and diamonds to uranium, titanium and nickel, and should “think about” whether it’s possible to reduce the export of the latter three resources in response to unfriendly countries’ actions against Russia, President Vladimir Putin has said.Speaking at a meeting with government ministers on Wednesday, Putin asked Prime Minister Mikhail Mishustin to look into the idea and report back, stressing that any proposed restrictions should not be “to one’s own detriment.”"In some countries, strategic reserves are being created, and some other measures are being taken. In general, if this does not harm us, we should think...about certain restrictions on supplies to the foreign market," he added.The ongoing NATO-Russia proxy war in Ukraine has reduced, but not fully stopped, economic exchange between Russia and Western countries, with the US continuing the purchase of Russian uranium for its vast network of nuclear power plants, and gas continuing to flow via a pipeline in Ukraine to customers in Hungary and Slovakia, and shipped west aboard tankers in the form of LNG. Concurrently, a number of Western companies have refused to leave the Russian market, continuing to sell their wares to Russians despite sanctions and other restrictions put in place by their own governments. Some Russian observers have suggested that it's long past time for Russia to halt economic cooperation with countries fueling the proxy war in Ukraine, in favor of ramped up trade ties with the BRICS bloc and other friendly countries in the Global South.
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Putin: Russia May Restrict Export of Strategic Materials in Response to Unfriendly Powers' Actions
14:33 GMT 11.09.2024 (Updated: 15:25 GMT 11.09.2024) Despite slapping Moscow with an unprecedented sanctions regime in 2022, European countries and the United States continue to rely on vast quantities of Russian energy and strategic materials, including gas and uranium, importing them to prevent spiking prices and shortages from wrecking their economies.
Russia is a world leader in the production of an array of strategic minerals, from natural gas, gold and diamonds to uranium, titanium and nickel, and should “think about” whether it’s possible to reduce the export of the latter three resources in response to unfriendly countries’ actions against Russia, President Vladimir Putin has said.
Speaking at a meeting with government ministers on Wednesday, Putin asked Prime Minister Mikhail Mishustin to look into the idea and report back, stressing that any proposed restrictions should not be “to one’s own detriment.”
"Mikhail Vladimirovich, I have a request for you: please look at some types of goods that we supply in large quantities to the world market - the supply of a number of goods to us is being restricted. Well, perhaps we should also think about certain restrictions - on uranium, titanium, nickel," Putin said.
"In some countries, strategic reserves are being created, and some other measures are being taken. In general, if this does not harm us, we should think...about certain restrictions on supplies to the foreign market," he added.
"I am not saying this needs to be done tomorrow, but we could think about certain restrictions on supplies to the foreign market not only of the goods I mentioned, but also of some others," Putin said.
The ongoing NATO-Russia proxy war in Ukraine has reduced, but not fully stopped, economic exchange between Russia and Western countries, with the US
continuing the purchase of Russian uranium for its vast network of nuclear power plants, and gas
continuing to flow via a pipeline in Ukraine to customers in Hungary and Slovakia, and shipped west aboard tankers
in the form of LNG. Concurrently, a number of Western companies have refused to leave the Russian market,
continuing to sell their wares to Russians despite sanctions and other restrictions put in place by their own governments. Some Russian observers have suggested that it's long past time for Russia to
halt economic cooperation with countries fueling the proxy war in Ukraine, in favor of
ramped up trade ties with the BRICS bloc and
other friendly countries in the Global South.
