Putin Signs Decree To Ban Exports Of Raw Materials, Commodities

Russian President Vladimir Putin has signed a decree that institutes special economic measures that will be in effect until the end of this year. Part of those special economic measures will include a ban or restriction on exports outside Russia—the list of products, commodities, and raw materials to be determined later by the Russian government.

The purpose of the decree is to “ensure the security of the Russian Federation”. The United States on Tuesday already banned imports of Russian crude oil, gas, and energy. Outside the…