KPMG has condemned Russia following its invasion of Ukraine and said it will cut some client relationships, as major consultancies and law firms face increasing pressure to cut ties with the country in the wake of its invasion of Ukraine.

“We are reviewing and adapting our client work and operations to align with sanctions and comply with all new laws,” KPMG's UK chief executive Jonathan Holt wrote in a LinkedIn post published on 1 March. “This will mean ending some of our client relationships in the UK and globally. The situation is fast-moving and is being kept under close review on a daily basis.”