Russian resource export ban will have modest impact

Significance Uranium, nickel and titanium -- important strategic commodities necessary for a global transition to a green economy and several high-tech industries -- will be considered first, but the list could be expanded. The introduction of export restrictions would be an attempt to restrict the supply of strategic commodities. Impacts Export restrictions might provoke bouts of volatility in international commodity markets. Oversupply in the global nickel market will mute any impact on prices. The impact on Russian export volumes and tax revenues will likely be modest. Competition with China in commodity markets, including nickel and uranium, will intensify.