The United States and the European Union announced new economic sanctions against Russia and Belarus due to the ongoing invasion of Ukraine. It is important to appreciate the timing of the implementation of the sanctions and whether a wind down of operations time period is possible. If dates are not immediate or decisions to exit the Russia market are based on valid public relations concerns, companies should consider the contract breach implications and work toward mitigating risk. The reality is that sanctions will continue to be rolled out and companies can look toward other sanction regulations, such as against North Korea, Cuba, or Iran, to potentially plan out what sanctions could be implemented.