Last week, S&P Dow Jones Indices said it is consulting with clients regarding the inclusion of Russian securities in S&P indices in the wake of broadening economic sanctions against Russia. [S&P Considers Russia Changes]

S&P said the client consultation could result in index adjustments. The index provider sponsors 11 indices that hold only Russian securities and another 80 that are a mix of Russian and non-Russian securities.

Adjustments to S&P indices with exposure to Russian stocks could potentially affect ETFs such as the SPDR S&P Russia ETF (NYSEArca: RBL) and the SPDR S&P BRIC 40 ETF (NYSEArca: BIK).

iShares MSCI Russia Capped ETF

ETF Trends editorial team contributed to this article.