(Reuters] -As a result of an escalation, international companies that have exposure to Russia prepare for new sanctions from the West.

Here are some comments made by companies

METRO, GERMAN RETAILER & RUSSIAN OPERATIONS

We are monitoring the developments regarding the conflict in Ukraine closely with concern. To avoid further escalated tensions, we continue to trust diplomatic efforts by all parties. “Our responsibility in Russia as a company lies in the first place with our roughly 10,000 employees and 2.5million customers,” Metro spokesperson Gerd Koslowski said, noting that Metro also has concerns in Ukraine.

HEIDELBERGCEMENT GERMAN FIRM WITH THREE PLUNTS IN RUSSIA

We do not anticipate any significant impact on Russian businesses should the conflict get worse. The three Russian cement plants we have supply local/regional markets in Russia. We do not export to Russia,” Christoph Beumelburg, a Heidelberg spokesperson said. He also stated that the company has sold its Ukraine business.

NOKIAN TYRES HAS A PLANT & TYRE WAREHOUSE INSIDE RUSSIA

Tarja Pennanen, a spokeswoman for Nokia, stated that they prepare for various scenarios in their normal risk management process. “Now we have intensified our work due to current geopolitical situations, including availability planning,” Tarja Pennanen, Reuters spokesperson, said.

Nokian, she said, was ready to move certain product categories between factories in the event of an emergency.

RENAULT HAS A JOINT VENTURE AVTOVAZ in RUSSIA

French-owned Avtovaz Russian Carmaker Renault (PA:), Avtovaz Chief Executive Nicolas Maure stated that Avtovaz is seeking alternative sources of electronic chips to meet U.S. sanctions. He did not specify how Avtovaz obtains the chips needed for Russian car plant operations.

“We closely follow the diplomatic negotiations. Rie Yamane, a Renault spokesperson told Reuters that it was too early to speculate on what sanctions might be.

DANONE RUSSIA ACCEPTS FOR 6% IN THE FRENCH-FIRM’S SALES

Danone monitors the situation. “Our local teams monitor the situation closely in order to protect employees,” said a spokesperson for Danone.

Danone, which is the biggest yoghurt manufacturer in the world, owns Russian dairy brand Prostokvashino. The company mainly makes dairy products in Russia.

COCA-COLA HB, LONDON-LISTED HBC BOTTLER WITH RUSSIAN OPTIONS

According to Zoran Bogdanovic (CEO of Coca-Cola, NYSE: HBC), “We have contingencies for every scenario, including alternate sourcing so we can respond quickly to any event.”

According to him, the soft drink company that operates in 29 European countries as well as Africa, and has Nigeria and Russia being its largest markets, learned from the Russian-Ukrainian conflict of 2014.

According to the CEO, “We take precautions so that there are no disruptions in our markets.”

NESTE, FINISH REFINER and BUYER OF RUSSIAN OLIL

The sanctions aimed at Russia and its oil products will impact the global oil market. At this point, it is difficult to identify the impacts. Neste said that if Russian oil was not available, Neste could buy the crude oil from other markets,” Sami Oja (interim leader, oil products at Neste), told Reuters.

Russia supplies the company with two-thirds of its oil requirements.

He said that a significant portion of Neste’s crude oil purchase are on spot markets. This means one load at time. Therefore, we can react quickly to market changes and adjust our purchases accordingly.

He said, “We’re monitoring the situation closely and are prepared for any impacts using different risk management methods.”