Russia is a major producer of commodities, everything from oil and natural gas to palladium and wheat. Ukraine is also a major exporter of wheat as well as neon. Russia's invasion of Ukraine threatens to further scramble already-fragile supply chains.
Russia is a major producer of commodities, everything from oil and natural gas to palladium and wheat. Ukraine is also a major exporter of wheat as well as neon. The crisis is casting doubt on the availability of a sizable chunk of those vital supplies.
Moreover, Moody's said Ukraine produces 70% of the world's neon, a gas used in making computer chips. "We can expect the global chip shortage to worsen should the military conflict persist," Uy wrote. Neon prices skyrocketed during the 2014-2015 conflict in Crimea. Even though chipmakers have stockpiled resources, Uy said that inventories can last for only so long.
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