Industry News | Ukraine/Russia Conflict
US Sanctions Target Russian Defense & Gold Imports
The United States has issued sanctions against Russia’s Defense Industry & Gold Imports in response to Russia’s invasion of Ukraine. These sanctions target 99 Russian groups and individuals critical to the Russian defense industry, including the state-owned defense company, Rostec, producer of Russian helicopters and…
Event | Industry News | Supply Chain | Ukraine/Russia Conflict
Live Updates: Russia’s Invasion of Ukraine
How the War in Ukraine is Impacting Global Supply Chain Shortages A complete coverage of the impact of Russia’s invasion of Ukraine on the global electronics manufacturing and distribution market. Subscribe Now August 04, 2022 US Sanctions Target Russian Defense & Gold Imports Ukraine has…
Supply Chain | Ukraine/Russia Conflict
Ukraine Pauses All Exports of Gas & Coal
June 23, 2022 – Ukraine has announced a suspension of all exports of natural gas, coal and oil as a result of Russia’s invasion of Ukraine. In a statement released by Ukrainian President Vladimir Zelensky, the suspension of these commodities come in anticipation of a…
Russia Bans Export of Neon Gas – Essential Element in Electronics Chip Manufacturing
In the ongoing retaliatory back-and-forth between Russia and the rest of the world on trade, Russia has issued the latest offensive by banning inert noble gases like helium and neon from being exported. Russia and Ukraine Own 80% of Global Neon Supply Russia and Ukraine…
Industry News | Supply Chain | Ukraine/Russia Conflict
Taiwan Bans the Supply of Chips to Russia
June 9, 2022 – Taiwan has imposed a ban on the sale of modern chips to Russia and Belarus, the latest round of sanctions in response to the invasion of Ukraine. This ban rules out all modern technology, including microcontrollers for most electronic devices. Taiwan…
Event | Industry News | Ukraine/Russia Conflict
List of Companies Ending Their Business with Russia
Under pressure from investors and consumers, a growing number of companies are unwinding their investments within Russia: closing stores, pausing sales and services, temporarily cutting ties, or suspending shipments. Here’s a look at some companies from various electronics, automotive, and tech industries that have suspended,…
Event | Industry News | Ukraine/Russia Conflict
European Union Bans Russian Crude Oil
On Monday, May 30, 2022, European Union leaders banned the import of Russian oil to their entire 27 member nations. Over two-thirds of all Russian oil exports go to the EU and would be a devastating blow to the Russian economy. 90% of all…
Event | Industry News | Supply Chain | Ukraine/Russia Conflict
UK Sanctions Target Russia Precious Metals
May 27, 2022 – The United Kingdom announced a 35% tariff on all platinum and palladium imports from Russia and Belarus, targeting over £1.7 billion of trade. This new round of sanctions is intended to put increased pressure on Russia and further weaken the military…
Event | Industry News | Supply Chain | Ukraine/Russia Conflict
Russia Suspends Finland’s Gas Supply
May 26, 2022 – Russia has terminated gas supplies to Finland, the third country to be boycotted by Russian gas giant Gazprom to-date, after the country refused to make its payment in the Russian Ruble. TIP: Check out our Live Updates Blog to get current news…
Industry News | Supply Chain | Ukraine/Russia Conflict
Poland & Bulgaria cut off from Russian gas
Gas dependency in Europe could cause disruptions in factory production May 10, 2022 – Russia will halt gas supplies to Poland and Bulgaria after the two countries refused to pay for supplies in the Russian ruble. Both countries receive a substantial amount of their domestic…