Putin's Export Ban Proposal Leaves Russian Officials and Firms Uncertain

President Putin's suggestion to limit exports of key commodities has sparked confusion and concern among Russian businesses and government officials.

President Putin proposed limiting exports of commodities like uranium, titanium, and nickel in response to Western sanctions.
Russian officials and company executives were surprised by the proposal, which they fear could harm Russia's economic interests more than the West's.
Kremlin spokesman Dmitry Peskov clarified that the proposal is still under consideration and no concrete measures have been decided.
The global market saw a brief increase in nickel prices following Putin's comments, but the current supply remains ample.
Any export restrictions would need to avoid harming Russia's own interests and might exclude 'friendly' countries like China.