By Ishbel Macleod

Economic sanctions both from and against Russia as part of the Ukraine crisis will lead to a dip in WPP profits, CEO Sir Martin Sorrell has admitted.

Countries such as the US, Canada, Australia, Norway and the EU have subjected Russia to economic sanctions, with the belief that capital Moscow helped to fuel the unrest in Ukraine.

Sorrell has said that earnings for Russia have now been downgraded, stating to the Sunday Express: “Events in Ukraine are, of course, worrying. Our media investment arm GroupM has revised down its forecasts for Russia in terms of media spending, but it remains a strong Read full story ›

Source: The Drum