The Prime Minister has said that Russia should not be allowed to host this season's Champions League Final due to its actions in Ukraine.
Boris Johnson told MPs there was "no chance" of holding football tournaments in a Russia that "invades sovereign countries".
His comments came hours after Russian President Vladimir Putin recognised the Donetsk and Luhansk regions in the Donbas, eastern Ukraine, as independent states.
Mr Johnson added that Russian tanks and armed personnel carriers have "since been spotted" in the breakaway regions.
St Petersburg is due to host this season's Uefa Champions League final in May.
English clubs Chelsea, Manchester City, Manchester United and Liverpool all remain in the competition.
Mr Johnson, speaking after announcing new sanctions on Russian banks and wealthy individuals, told the House of Commons: "It's absolutely vital in this critical moment that President Putin understands that what he is doing is going to be a disaster for Russia.
"And it is clear from the response of the world to what he has done already in Donbas that he is going to end up with a Russia that is poorer as a result of the sanctions that the world will implement.
"A Russia that is more isolated, a Russia that has pariah status - no chance of holding football tournaments in a Russia that invades sovereign countries.
"A Russia that is engaged in a bloody and debilitating conflict with a fellow Slav country. What an appalling result for President Putin.
"I hope that he steps back from the brink and does not conduct a full invasion."
Culture Secretary Nadine Dorries said Mr Putin should not be allowed to "exploit" events like the Champions League final to legitimise the invasion of Ukraine.
"I have serious concerns about the sporting events due to be held in Russia, such as the Champions League final, and will discuss with the relevant governing bodies," she said.
"We won't allow President Putin to exploit events on the world stage to legitimise his illegal invasion of Ukraine."
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