The ongoing Russia-Ukraine conflict has provoked new geopolitical tensions, prompted international sanctions, and disrupted global economies. Amidst growing uncertainty to the trajectory and implications of this conflict, energy firm supply chains face new risks that may impact their costs and disrupt their procurement processes. In this whitepaper, we identify and provide commentary on 3 core themes that bare increased risk as a result of this conflict: Commodity Price Inflation, Sanctioned Supplier Exposure, and Exposure to Impacted Vendors.