Jim Cramer's Mad Dash: What Happens in Europe Next?

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.

At the time of publication, Cramer's Action Alerts PLUS had no position in companies mentioned.

More from Opinion

Tuesday Turnaround: Micron, Autonomous Driving, and J.C. Penney

Tuesday Turnaround: Micron, Autonomous Driving, and J.C. Penney

Cable Stock Investors Should Keep an Eye On Wireless Broadband's Rise

Cable Stock Investors Should Keep an Eye On Wireless Broadband's Rise

Trump Blinks on China Trade War That's Looking Harder to Win

Trump Blinks on China Trade War That's Looking Harder to Win

Monday Madness: GE, China, and Micron

Monday Madness: GE, China, and Micron

Attention 60 Minutes: Google Isn't the Only Big-Tech Monopoly

Attention 60 Minutes: Google Isn't the Only Big-Tech Monopoly