Russia will ban the export of certain commodities within hours. ( https://www.google.com/amp/s/www.wsj.com/amp/articles/russia-set-to-ban-commodity-exports-following-western-sanctions-11646768260 ). They did not specify which commodities they will regulate this way, this will be a counter-sanction for the “West”.
However palladium is a prime target. It makes up a tiny fraction of Russian exports, yet they supply 40% of the whole world's production. It is used in cars as a catalisator, limiting this resource would deliver a serious blow for car manufacturers everywhere. As Russia is such a huge player on this market the halving of the world supply of palladium could propel prices through the roof. This way Russia could hurt the Western countries by limiting the damage done to its own economy, as metals can be stored and sold at a later time.
Disclaimer: I own palladium ETCs since yesterday naturally.
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