The two largest Ukrainian factories, which synthesize about half of the world's neon, have suspended production amid recent events. We are talking about the Krioin and Ingas enterprises, which on a global scale supplied from 45 to 54% of neon, the gas necessary for the production of microcircuits. Neon supply problems are expected to exacerbate the already difficult situation with the global shortage of semiconductor products.

Stopping the production of neon can have an extremely negative impact on the global semiconductor industry. Representatives of Krioin and Ingaz noted that the suspension of neon supplies is associated with an intensification of the crisis, as well as the destruction of key infrastructure facilities.

This news is unlikely to add optimism to the semiconductor industry, which is already experiencing a serious shortage since the start of the coronavirus pandemic. Although chipmakers have a certain supply of neon, they may not be enough if what is happening in Ukraine drags on.

Mariupol-based Ingaz produced between 15,000 and 20,000 cubic meters of neon per month, supplying it to various customers in Taiwan, South Korea, China, the US and Germany. Moreover, about 75% of the shipped neon went to the production of microcircuits. As for the Krion plant based in Odessa, it monthly synthesized from 10 to 15 thousand cubic meters of neon per month. Production at this plant was stopped on 24 February.

Ukrainian neon is reportedly a by-product of steel production in Russia. In Ukraine, it was purified and prepared for further use.

So, you can't just make new factories out of nothing, you also need huge steel industry. And all Chinese neon is already used by industry.

Price already increased 4x and expected to rise another 7 to 10 times.

The European Union, within the framework of the new sanctions package, will impose restrictions on the supply of products from metallurgical companies from Russia.

"We will ban the import of key steel products from the Russian Federation. This will hit the central sector of the Russian economic system, depriving it of billions of dollars of export earnings and ensuring that our citizens do not subsidize the war," the European Commission said in a statement released on Friday in the evening.

It is prohibited to export, re-export, sell or supply, directly or indirectly from the United States or by American individuals, wherever they may be, dollar bills to the leadership of the Russian Federation or to any person located in the Russian Federation

I don't even talk about previous bank sanctions.

Thing that Biden guys did is quickly reduced good coverage and in the same time increased printing of money. Result - big inflation in very near term, reduction of life level by 3-4 times for average US citizen. And much more countries that won't take dollars as payment for anything.

March 9 was the first day when the outflow of cash from the banking system was replaced by an inflow, so far only by a symbolic 25 billion rubles. After the start of the conflict in Ukraine, the population withdrew 2,844 billion rubles from the banking system, which is approximately 10% of all ruble bank deposits in the hands of the population. The bank runs were the largest in Russian history and the speed of cash withdrawals is about 5 times faster than the previous worst confidence crises in Russia.