Western firms with operations in Russia and Ukraine are girding for the potential influence of sanctions on their companies there and readying contingency plans within the occasion of additional navy motion, after Russian President Vladimir Putin despatched troops into two breakaway areas of Ukraine.
The U.S. and its European allies on Tuesday rolled out a spread of sanctions towards Russia, which they’ve promised to ratchet up ought to Mr. Putin push additional into Ukraine. These future measures might embrace sanctions towards massive Russian firms and the nation’s enterprise elite.
