The FTSE 100 crashed by more than 2% on Monday as the fallout of the Russian invasion of Ukraine continued. The index is trading at £7,396, which is lower than the year-to-date high of £7,700. Here are some of the top FTSE 100 stocks with exposure to the Russian crisis.
Rolls-Royce Holdings
Rolls-Royce Holdings (LON: RR) is a giant British corporation that manufactures products for airlines and governments. The firm makes most of its money selling and servicing aircraft engines to companies like IAG and Lufthansa. Its presence in Russia is a bit limited considering that it makes just 2% of its revenue in the country.
However, the company is set to suffer because of titanium, an important component in aircraft engines. The company buys most of its titanium from Russia. Other leading producers of the metal are China, Japan, and Kazakhstan.
Therefore, there is a likelihood that the Rolls-Royce share price will continue falling as the crisis escalates. Another challenge is that airlines could see a challenge as they emerge from the pandemic.
Evraz
Evraz (LON: EVR) is a leading company that is mostly owned by Roman Abramovich, the owner of Chelsea. It is a vertically-integrated mining and steel manufacturing company that published strong results last week. The firm said that its total revenue rose to z10.6 billion in 2021 as demand for steel and aluminum jumped. Its profit jumped to z3.1 billion while its free cash flow rose to $2.2 billion.
Evraz share price collapsed by more than 20% as investors reacted to the latest Russian sanctions. While Abramovic has not been sanctioned, the company will find it difficult doing business and raising capital because of its Russian presence.
