An Australian stockbroker has already begun eyeballing ASX companies set to benefit from any economic sanctions imposed on Russia in the wake of the Ukraine crisis.

Resource stocks, particularly nickel, oil and gas, as well as wheat traders are set to gain from any Russian trade disruptions, according to Foster Stockbroking.

Wheat traders are poised to benefit if economic sanctions are placed on Russia. Credit:Bloomberg

World leaders have threatened sanctions against Russia after the Kremlin sent troops into Crimea, a strategic Black Sea peninsula in south-east Ukraine.

Nickel and copper miner Panoramic Resources was on top of Foster Stockbroking founder Stuart Foster's list of Australian companies set to benefit if the threat eventuated.