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PwC and KPMG exit Russia over Ukraine war

PwC and KPMG have both cut ties with their Russia member firms

By James Booth
PwC said it is committed to working with colleagues in Russia to undertake an orderly transition for the business, with a focus on the well being of 3,700 staff members
PwC said it is committed to working with colleagues in Russia to undertake an orderly transition for the business, with a focus on the well being of 3,700 staff members Photo: TASS via Getty Images

PwC and KPMG are both exiting Russia following Vladimir Putin’s invasion of Ukraine, the Big Four audit firms said in statements on 6 March.

"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 firm said in a 6 March statement.

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