Titanium is needed in shipbuilding, energy, chemical and aerospace industries. In the first half of this year, Western countries paid $264.9 million for titanium, the agency writes, noting that this represents 11.4% of total imports.
Earlier, during a meeting with members of the government, Russian President Vladimir Putin called for consideration of limiting the supply of certain strategic raw materials to foreign markets, such as titanium, uranium or nickel, but without harming oneself.
Later, the Press Secretary of the Head of State Dmitry Peskov explained that Vladimir Putin’s proposal is generally related to the practice of illegal trade restrictions, attempts to constantly resort to new and new restrictions in relation to our country.
