Russia, which has been hit by sanctions, has imposed export restrictions on noble gases such as neon, a key component of the electronics chip industry, until the end of 2022 to bolster its market position, the Russian Trade Ministry said.
Russian export restrictions may exacerbate the shortage of supply in the global chip market. Ukraine was one of the world’s largest suppliers of inert gases until it stopped production at its plants in Mariupol and Odessa in March.
Earlier, the Russian government noted that “the export of inert gases, which were usually supplied to Russia by Japan and other countries, will be allowed only with special permission from the state until December 31.”
The ministry estimates that Russian production accounts for 30 percent of the world’s supply of three types of inert gases: neon, krypton and xenon.
Taiwan, the world’s largest manufacturer of electronic chips, imposed restrictions on the export of this product to Russia after Moscow sent thousands of soldiers to Ukraine on February 24.
Source: El Iktisad
