NEW YORK (TheStreet) -- On CNBC's "Cramer's Mad Dash" segment, TheStreet's Jim Cramer, co-manager of the Action Alerts PLUS portfolio, discussed the the U.S. and European Union sanctions to be imposed on Russian individuals and corporations close to President Vladimir Putin.
Cramer said a major concern is whether Russia will shut down its natural gas supply to Eastern Europe.
Would Putin collaborate with Igor Sechin, CEO of Rosneft, a Russian oil and gas company that is majority-owned by the Russian government? Cramer asked.
From the corporate aspect, the problem is that Putin could theoretically seal off Russia from the rest of the world.That's what hurt Visa (V) in its most recent earnings results, and that's what gives Cramer concern over companies like BP (BP), and Exxon Mobil (XOM).
-- Written by Bret Kenwell in Petoskey, Mich.