Western companies with operations in Russia and Ukraine are girding for the potential impact of sanctions on their businesses there and readying contingency plans in the event of further military action, after Russian President Vladimir Putin sent troops into two breakaway regions of Ukraine.
The U.S. and its European allies on Tuesday rolled out a range of sanctions against Russia, which they have promised to ratchet up should Mr. Putin push further into Ukraine. Those future measures could include sanctions against big Russian companies and the country’s business elite.
