As geopolitical tensions in Ukraine increase, prompting risk aversion across global financial markets, foreign exchange volatility and the risk of contagion in Europe are the key factors to watch for, chief financial officers (CFO) told CNBC.
The price of oil and currency moves in light of the Russian troops' movements into Crimea over the weekend are budget airline easyJet's main concerns. Meanwhile insurer and asset manager Old Mutual is eyeing the potential risk of shock to European markets.
(Read more: Could Ukraine trigger a full-blown EM crisis?)
"From a geopolitical point of view, with regard to the crisis in the Ukraine, for my business it is all about what it does to commodities and foreign exchange volatility, we are short dollar and fuel . We have complex hedging strategies in place to cover that and for me that is the important thing for my business," said easyJet CFO Chris Kennedy.
Brent and U.S. crude oil rallied more than $2 per barrel to multi-month highs on Monday, lifted by rising tension in Ukraine after Russian President Vladimir Putin declared he had the right to invade his neighbor.