Deere & Co. has restricted travel to Russia and Ukraine for its employees as conflict in the region threatens two large markets for the Moline-based company.
Deere has two factories and an operations office in Russia and has a marketing office in Kiev, the Ukrainian capital.
The region accounts for less than 5 percent of Deere's annual equipment sales, according to Deere spokesman Ken Golden, but is an area ripe for growth.
There was hope Thursday that an agreement between the U.S., Russia, Ukraine and the European Union would defuse the conflict, which has seen Russia seize control of the Ukrainian territory in Crimea.
However, University of Iowa associate professor of finance Art Durnev, who is Russian, said the conflict had produced "tremendous uncertainty" for western companies such as Deere operating in the region.
Mr. Durnev said the unpredictability meant Deere and other western companies are likely to put any plans for new investment in the region on ice.
Sanctions imposed by the U.S. and Europe against Russia have focused on wealthy individuals and the banking sector so far.
But Mr. Durnev said if sanctions were extended to other sectors, Russia could retaliate in ways that would hurt western companies such as Deere.
Deere employees and dealers travel frequently between Russia, Ukraine and the U.S., Mr. Durnev said.
The company's foundation also sponsors an agricultural-development training program in schools in Russia and Ukraine.
"We have taken steps to ensure the safety of our employees, including restrictions of travel in the region as well as other measures," Mr. Golden said.
He said Deere was monitoring the situation in Ukraine and Russia closely but added there had been no impact on the company's operations in the region from the conflict so far.
"We support solutions that can be achieved without violence and in accord with international agreements," Mr. Golden said.
Ukraine traditionally was known as the "breadbasket" of Russia and remains a major producer of wheat and corn, while the agricultural sector in Russia has been "booming" in recent years, Mr. Durnev noted.
Deere's Russian factories are located in Domodedovo, where agriculture, construction and forestry equipment are manufactured, and Orenburg, where seeding equipment is developed, according to Mr. Golden.
Today is Monday, Sept. 22, the 265th day of 2014. There are 100 days left in the year.
1864 -- 150 years ago: The board of education has granted Thursday as a holiday for the children, with the expectation that parents who desire to have their children attend the Scott County Fair will do so on that day and save irregularity the rest of the week. 1889 -- 125 years ago: The guard fence around the new cement walk at the Harper House has been removed. The blocks are diamond shape, alternating in black and white. 1914 -- 100 years ago: The Rev. R.B. Williams, former pastor of the First Methodist Church, Rock Island, was named superintendent of the Rock Island District. 1939 -- 75 years ago: Abnormally high temperatures and lack of rainfall in Illinois during the past week have speeded maturing of corn and soybean crops. 1964 -- 50 years ago: Installation of a new television system in St. Anthony's Hospital, which includes a closed circuit channel as well as the three regular Quad-Cities channels, has been completed and now is in operation. 1989 -- 25 years ago: When the new Moline High School was built in 1958, along with it were plans to construct a football field in the bowl near 34th Street on the campus. Wednesday afternoon, more than 30 years later, the Moline Board of Education Athletic Board sent the ball rolling toward the possible construction of that field by asking superintendent Richard Hennigan to take to the board of education a proposal to hire a consultant.