Russia’s share in global commodity production
March 10, 2022 - Russian President Vladimir Putin has signed an order banning the exports of some goods and raw materials. Russia is a major exporter of commodities including oil, gas, wheat and metals.
Commodity prices have already surged due to Western sanctions over the war in Ukraine.
President Putin’s order goes into effect immediately but did not state which goods and raw materials will be affected by the restrictions, according to Business Insider.