Russia's invasion of Ukraine and resulting sanctions on Russia are putting pressure on several sectors including commodities. Two precious metals that could be affected by the global crisis are palladium and platinum.

What Happened: The U.S. and other countries are imposing sanctions on Russia, which could impact exports out of the country across varying sectors.

Russia is the largest global producer of palladium and the No. 2 producer of platinum, two metals that could be impacted by the Eastern European conflict. 

Thirty-nine percent of the global refined supply of palladium comes from Russia, according to Kitco. The country...