Two of big four accountancy firms are latest multinationals to respond to invasion of Ukraine
KPMG and PwC, two of the big four global accountancy firms, have said they will cut off businesses in Russia and Belarus, in the latest examples of large multinational firms responding to the invasion of Ukraine by pulling out.
The businesses will not necessarily close down but they will be legally separated – piling pressure on rivals Deloitte and EY to follow suit. KPMG has more than 4,500 workers and partners in Russia and Belarus, while PwC has 3,700.
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