KPMG, PwC and EY to cut off businesses in Russia and Belarus

Response to invasion of Ukraine by three of big four accountancy firms puts pressure on Deloitte

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EY has followed its rivals and fellow big four global accountancy firms, KPMG and PwC, by cutting off businesses in Russia and Belarus, piling pressure on Deloitte, which has yet to pull out.

The businesses will not necessarily close down but they will be legally separated, in the latest example of multinational firms responding to the invasion of Ukraine by pulling out of Russia. KPMG has more than 4,500 workers and partners in Russia and Belarus, while PwC has 3,700 and EY has 4,700.