An expert spoke about the economic blow of the Russian Federation to Western countries.
Restrictions on the export of Russian titanium, uranium and other strategic raw materials will have consequences for the United States and its allies.
This opinion was expressed by Maxim Chirkov, associate professor of the Department of Economic Policy and Economic Measurements at GSU, Izvestia writes.
He noted that this raw material is extremely important for the West in the context of energy and the functioning of high-tech production.
After the introduction of restrictions in the US and other countries, prices for uranium and titanium raw materials, as well as nickel, will jump.
For Russian companies that use these resources, this will be beneficial; they will be able to increase their competitiveness in the international market.
However, the expert noted that in the short term, Russian mining companies will not receive some of the funds from the sale of products, but the reorientation of supplies will solve this issue.
Chirkov pointed out that Russia could supply strategic resources not to the West, but to the BRICS countries, many of which are distinguished by their fast-growing economies.
