Thursday, July 3, 2025

Kremlin Considers Halting Supply of Critical Metals to ‘Unfriendly’ Nations

The Russian government is contemplating a ban on exporting strategically important resources to countries it deems unfriendly, according to Deputy Prime Minister Aleksandr Novak. This move comes as a potential countermeasure to Western sanctions imposed on Russia.

Speaking at Russian Energy Week, Novak revealed that the government is analyzing the feasibility of restricting exports of products that are in high demand on global markets. While specific items were not disclosed, it is widely anticipated that the list would include transition metals such as uranium, nickel, and titanium.

The possibility of such restrictions was first mentioned by Russian President Vladimir Putin earlier this month. Putin instructed the government to examine the benefits and drawbacks of capping exports of certain strategically important commodities, noting that while Russia currently faces limitations on importing some goods, it continues to export many products to the world market.

Russia’s potential export ban could have significant implications for global markets, particularly in sectors relying heavily on these resources.

The country currently holds a substantial share in several key markets, including approximately 40% of the enriched uranium market, crucial for both civil nuclear power generation and military nuclear weapons. The country is also the third-largest producer of titanium, which is heavily used in the aerospace industry, and one of the top ten global producers of nickel, which is crucial in clean energy generation.

Despite ongoing sanctions, Western countries have been reluctant to completely sever ties with Russian suppliers in these sectors due to their critical nature. For instance, the United States introduced a waiver allowing uranium purchases from Russia until 2028, despite formally banning imports earlier this year.

The Russian government is carefully considering the potential impact of these restrictions on domestic industries to ensure their continued development. Novak said that relevant proposals will be prepared in the near future, taking into account Russia’s capabilities and the situation in world markets.


Information for this story was found via NIA Samara, RT International, and the sources and companies mentioned. The author has no securities or affiliations related to the organizations discussed. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Gold Drilling Scaled to 60,000 Meters: How Big Can This Get? | Roger Rosmus – Goliath Resources

Baselode Energy To Acquire Forum Energy: The Merger Of Equals Deal

TriStar Gold: The Revised Castelo de Sonhos Prefeasibility Study

Recommended

ESGold To Expand Mine Building At Montauban In Advance Of Gold & Silver Production

Goliath Resources Expands 2025 Drill Program To 60,000 Metres

Related News

Russia Bans Major Media Sites Including Facebook, Twitter

Russia’s media regulator Roskomnadzor cut access to various independent media sites on Thursday, in a...

Friday, March 4, 2022, 03:12:07 PM

2022: The Year of the Russian Oligarch

High-profile Russian businessmen have been making a lot of headlines in 2022. With Russia’s unprovoked...

Thursday, December 29, 2022, 02:28:00 PM

Thanks, But No Thanks: Kazakh President Rejects Belarusian President’s Offer to Join Union State

Kazakh President Kassym-Jomart Tokayev has firmly rejected Belarusian President Alexander Lukashenko’s recent offer for Kazakhstan...

Tuesday, May 30, 2023, 04:30:00 PM

European Air Force Plan Proposed To Protect Ukrainian Airspace

Military experts have developed a plan called “Sky Shield” that would deploy 120 European fighter...

Friday, March 7, 2025, 12:52:00 PM

Global Nickel Supply in Jeopardy After New Caledonia’s Government Collapses Following Unrest

Despite a tropical cyclone threatening destruction on the French territory of New Caledonia, the island...

Thursday, February 4, 2021, 10:49:00 AM