When the European Union and United States quickly imposed sanctions against major Russian banks, businesses, and key individuals, companies around the world were left to work out whether they were impacted and how they could legally comply.

While many well-known brands have suspended operations, mothballed facilities, or exited Russia altogether, some foreign companies continue to operate there as normal and will likely do so until their clients/suppliers are specifically sanctioned.

Neil Hodge is a freelance business journalist and photographer based in Nottingham, United Kingdom. He writes on insurance and risk management, corporate governance, internal audit, compliance, and legal...