Western Union suspends operations in Russia and Belarus

What they're saying: "We join the international community in expressing sincere hope for a diplomatic and peaceful resolution," the company said in a statement.

• "Meanwhile, our priorities remain the well-being and safety of our employees as well as continuing to support the people of Ukraine, including the growing number of refugees seeking safety," it added.

The big picture: On top of several global companies abandoning Russia, the country has surpassed Iran to become the world's most sanctioned country.

• Sanctions have sent the value of the ruble plummeting, forced the Russian central bank to raise interest rates and will likely send interest rates skyward.

Go deeper: What a Russia bond default would mean for the markets