As a result of the Russian invasion of Ukraine, we announced on 6 March that, under the circumstances, PwC should not have a member firm in Russia. On 29 April, PwC Russia announced brand separation from the PwC Network, and on 30 June the legal agreement for the departure of the firm in Russia from the PwC Network was signed. We can confirm that today (4 July 2022) all aspects of the departure of the former PwC firm in Russia have been completed and PwC no longer has a firm in Russia.
In addition, PwC member firms outside of Russia are exiting any work for Russian entities or individuals subject to sanctions. Any sanction on specific Russian entities or individuals that is passed anywhere in the world will be applied everywhere in the world. Additionally, all PwC member firms outside of Russia will not undertake any work for the Russian Federal Government or state-owned enterprise.
With respect to the professional services bans announced by the United States, EU, Canada and Switzerland recently, PwC is working to apply these bans to services from PwC firms in the US, EU, Canada and Switzerland, and US, EU, Swiss and Canadian persons working elsewhere in the PwC Network.
We cannot comment on specific companies or individuals.
About PwC: At PwC, our purpose is to build trust in society and solve important problems. We’re a network of firms in 152 countries with over 328,000 people who are committed to delivering quality in assurance, advisory and tax services. Find out more and tell us what matters to you by visiting us at www.pwc.com.
PwC refers to the PwC network and/or one or more of its member firms, each of which is a separate legal entity. Please see www.pwc.com/structure for further details.
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