Moscow says that US has declared economic war on Russia

• Russia will defend its interests
• Need to make a deep analysis of the situation (regarding US energy ban)

Fighting words from Russia and they are seemingly ready to respond in due kind, as reported earlier here. We'll see what the list will comprise of and whether or not that will add further volatility to commodities Commodities Commodities are assets that are either naturally grown or occurring in the environment. Most commonly this includes precious metals such as gold, silver, and palladium.Beyond metals, commodities can also focus on agricultural or industrial goods that are central to manufacturing or other sectors. This includes crude oil, copper, wheat, and others.Relative to other assets, commodities are an extremely complex form of investment, with many similarities and differences to existing products.Commodit Commodities are assets that are either naturally grown or occurring in the environment. Most commonly this includes precious metals such as gold, silver, and palladium.Beyond metals, commodities can also focus on agricultural or industrial goods that are central to manufacturing or other sectors. This includes crude oil, copper, wheat, and others.Relative to other assets, commodities are an extremely complex form of investment, with many similarities and differences to existing products.Commodit Read this Term this week.

As a side note, it is important to realise that Russia does produce a significant chunk of raw materials that are distributed to the world. As a share of global production, Russia produces ~45% of palladium, ~15% of platinum, ~9% of gold, ~5% of nickel, ~5% of wheat, and ~4% of aluminum.