Russia to ban commodity exports
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Russian President Vladimir Putin has signed an order banning the export of some goods and raw materials. Russia is a major exporter of commodities including oil, gas, wheat and metals
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RUSSIA’S SHARE IN GLOBAL COMMODITY PRODUCTION (%) 

Palladium 43.9
Natural gas 16.6
Platinum 14.1
Oil 12.1
Wheat 11.0
Gold   9.5
Aluminium 6.1
Nickel 6.1
Silver 5.4
Coal 5.2
Copper 4.3

Figures refer to 2020 production
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Oil
Russia is world’s third-biggest producer after U.S. and Saudi Arabia – 60% of exports go to OECD Europe

Natural gas
EU imported 155 billion cubic metres from Russia in 2021 – close to 40% of its total gas consumption

Wheat
Russia is world’s largest wheat-exporting country, producing 75.5 million tonnes in 2021 

Au Gold
Russia supplied about 350 tonnes in 2021 – third-biggest producer after Australia and China

Pd Palladium
Russia was top producer in 2020 – key metal in production of catalytic converters that cut emissions

Ni Nickel
Russia is third- biggest producer of metal that is vital component of electric vehicle batteries


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  Sources: Bloomberg, Business Insider Picture: Getty Images © GRAPHIC NEWS