Tensions are high on the Ukraine-Russia border.
Investors who don’t care for this uncertainty would probably rather stay out of the region altogether.
“[T]he worst case scenario that Russia becomes uninvestible (capital controls, such as in Malaysia in 1998, and even the expropriation of foreign owned assets in Russia) with Russia kicked out of MSCI GEMs cannot be entirely ruled out,” warned UBS’s Geoff Dennis.
It’s not just Russian and Ukrainian stocks that investors should be concerned about. There are also the foreign names with exposure in those regions.
“The stocks most exposed to Ukraine or Russia include Carlsberg, Nokia Renkaat, BASF, OTP Bank, Raiffeisen,” noted Citi’s Robert Buckland in a recent note to clients.
Here’s a table of names Buckland identified.
NOW WATCH: Money & Markets videos
Business Insider Emails & Alerts
Site highlights each day to your inbox.