Russian export ban
Category: Industry TrendsDate: December 5, 2023 10:47Source: China Council for the Promotion of International Trade
The Russian government has recently made a series of important export ban decisions, affecting the export of eggs, durum wheat, and waste precious metals. These bans reflect Russias strategic adjustment in the global trade market and its protection of domestic resources and commodities.
First, according to news from TASS and the Russian legal portal, the Russian Ministry of Agriculture put forward an important proposal to ban the export of eggs from December 2023, which is expected to last for six months. This decision may be based on considerations of protecting the domestic market and meeting the needs of domestic consumers. Eggs, as a daily consumer product, play an important role in the diet of Russian people. The export ban may be to ensure the stability and affordability of domestic supply.
Second, the Russian Ministry of Agriculture also put forward another initiative to temporarily ban the export of durum wheat from December 1, 2023, to May 31, 2024. Durum wheat is the main raw material for making pasta. This move may be a response to the sharp increase in foreign supply this season. Since durum wheat plays an important role in the global food supply chain, this ban may have an impact on the international food market, especially in terms of the price and supply of flour and other pasta products.
Finally, the Russian government also issued an announcement banning the export of waste precious metals. This ban starts from November 1, 2023, and lasts until April 30, 2024. The announcement clearly states that the export of waste metals coated with precious metals, other waste and scraps containing precious metals or precious metal compounds, and waste and scraps of electrical and electronic products used for the extraction of precious metals from Russia will be prohibited. Considering that precious metals are important industrial raw materials, especially in the electronics manufacturing and other high - tech industries, this ban may have an impact on the global precious metal supply chain.
Overall, these export bans reflect the Russian governments strategy to protect domestic resources and the economy against the backdrop of global trade turmoil and tense international relations. These measures may aim to ensure the stability of the domestic market and the living needs of the Russian people, and may also be a response to changes in the international market and external challenges. The impact of these bans on the international trade market is worthy of attention, especially in terms of the price and supply stability of related products.
? 2025. All Rights Reserved. 滬ICP備2023007705號-2 PSB Record: Shanghai No.31011502009912