The situation is alarming, especially in the face of recent reports of the closure of two Ukrainian factories, the world’s leading neon producers. Cryoin and Ingas, located in Odessa and Mariupol respectively, together accounted for 54 percent of the world’s gas supply. The Russian occupation halted the work of both companies and jeopardized the production of chips, which was already struggling due to unending shortages around the world.
neon revenge
Russia, which is subject to global sanctions, limited exports of noble gases until the end of 2022to “strengthen their market position”. This was announced by the racist Ministry of Commerce on Thursday, June 2nd.
- According to Reuters, Russia accounts for 30 percent of the world’s noble gas supply.
- It supplied products to various countries such as Japan.
- Now until December 31, exports will be allowed only with special government permission.
- Deputy Trade Minister Vasyl Shpak said the move would make it possible to “rebuild the chains that are currently broken and build new ones”.
We are planning to increase our production capacity [благородних газів] in the near future. We believe that we will have the opportunity to have our voice heard in this global chain and that this will give us a competitive advantage if we need to have mutually beneficial negotiations with our colleagues,
– Adds Starling.
According to experts, restrictions on Russian exports could exacerbate chip shortages on the world market.
Source: 24 Tv
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