Financial

PwC, KPMG Announce Departure From Russia Over War in Ukraine

PricewaterhouseCoopers LLP told staff it plans to pull operations out of Russia due to the war in Ukraine.

Photographer: Leon Neal/Getty Images

PricewaterhouseCoopers LLP is set to exit Russia after 30 years of doing business there, and KPMG LLP is pulling out of Russia and Belarus in response to the war in Ukraine.

In separate statements Sunday, PwC said PwC Russia will leave the global network, and KPMG announced similar measures for its business. PwC has 3,700 partners and staff in Russia, while its rival has more than 4,500 people in Russia and Belarus.

“They did not ask for this senseless war,” the PwC note said. PwC member firms outside Russia will exit any work for Russian entities and individuals subject to …

To read the full article log in. To learn more about a subscription click here.

Alberto Nardelli

Alberto Nardelli

Bloomberg News

Source: https://news.bloomberglaw.com/financial-accounting/pwc-set-to-announce-departure-from-russia-over-ukraine-war

Donovan Larsen

Donovan is a columnist and associate editor at the Dark News. He has written on everything from the politics to diversity issues in the workplace.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button