EUROPEAN COMPANIES RUSSIAN TIES COULD MAKE SANCTIONS TOUGH

Europe is contemplating sanctions against Russia if it invades Ukraine — and the work is far from simple.

Sanctions would seek to maximize the pain for the Kremlin, its key banks and energy companies but also avoid jeopardizing the continent’s Russian-dependent energy supplies or inflicting too much damage on European companies with strong ties to Russia, including German industrial manufacturer Siemens AG, Italian tiremaker Pirelli and automakers like Volkswagen and Mercedes-Benz.

Russia has ties to world energy and financial markets and is home to major foreign partnerships and investments, so any measures will have repercussions outside the country. The question is how much.

The European Union’s executive commission isn’t revealing