The deployment of sanctions as a deterrent and compellence tool has massively increased in recent years, leading to increased uncertainty and turbulence in the global economy. Western powers' weaponization of the Russian Central Bank's foreign reserves is already causing a significant shift in international financial order. Central banks outside Western countries have commenced diversifying their external reserves from assets denominated in Western currencies. In recent years, firms' internationalization has become more entangled by contextual political processes, and the dimension of political intervention in international business has kept changing unpredictably. Multinational enterprises have incurred considerable losses in the aftermath of the sanctions imposed on Russia by the West and the countersanctions unleashed by Russia. Building a model for predicting political interventions and changes to be made for adaptation may take much work due to the lack of predictability in international relations in today's world, where friends can become foes very quickly. Multinational enterprises should consider implementing risk management, flexibility and adaptability, Information Gathering and Monitoring, and investment strategies to build resilience against the risks associated with unexpected sanctions.

Keywords: Russia-Ukraine war, Western sanctions on Russia, Russia’s countersanctions, Effect of sanctions, international investments, global economy.