Russia could weaponize metal exports next, Citi warns | CNN Business

Prices of these commodities could spike as a result, the bank said in a note to clients dated March 6. “Any restrictions on exports could have major implications for markets in the short run,” Citi’s analysts wrote. Such curbs would disrupt operations for manufacturers around the world. They could also fan already-high inflation. About 15% of traded aluminum comes from Russia, according to Citi.

Moscow has shown a readiness to use Russia’s vast natural resources to hit back at the West, which has enacted unprecedented sanctions in response to President Vladimir Putin’s invasion of Ukraine a year ago. For example, last year Russia made deep cuts to its natural gas exports to Europe, its top customer. That forced governments in the region to ramp up efforts to find new suppliers.

The country is under sanctions, leave them alone

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Plus, compliqué pour le palladium, car énergivor, là, RUSSIE RESTE AUTONOME SUR LE MARCHÉ, IL RESTE UNE MAUVAISE GUERRE 💫🌠

There was no Nigeria in the ancient map but there was Biafra, out of colony we were merged together with barbarians and now we want out of forceful marriage ... Biafra must go back to the map and Nigeria must disappear from the map US UN must help before it's too late

So, Western states has just to hurry up with recycling. Also much better for environment.

So the west should weaponize their financial institutions and companies but Russia should not weaponize their natural resources.. Please school me l don't understand

Hasn't the West weaponized everything else? So when someone else does it...... Its the end of the world, it's tit for tat from now.

We🇨🇦 produce Aluminum in Quebec. I'm sure the Frenchies won't remember the Trade war the US attacked them over. They are such an easy going bunch, lol.

An other propaganda to boycott Russia

You will be drawn into the war without knowing

Ireland Ireland Latest News, Ireland Ireland Headlines

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