The Big Four accounting firms are pulling out of Russia with PwC, EY and KPMG cutting ties with their operations, with Deloitte confirming it will also withdraw
In a statement, PwC said: ‘As a result of the Russian government’s invasion of Ukraine we have decided that, under the circumstances, PwC should not have a member firm in Russia and consequently PwC Russia will leave the network.’
The move will affect 3,700 staff and partners, and will take immediate effect.
‘Our main focus at PwC continues to be doing all we can to help our Ukrainian colleagues and support the humanitarian efforts to aid the people of Ukraine who have been devastated by this invasion.
‘We are also committed to working with our colleagues at PwC Russia to undertake an orderly transition for the business, and with a focus on the wellbeing of our 3,700 colleagues in PwC Russia.’
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