Statement on PwC Russia - Sanctions
25/03/22
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.
In addition, PwC member firms outside of Russia will exit any work for Russian entities or individuals subject to sanctions. We will apply sanctions regardless of their origin - even where sanctions are not legally required to be followed by a PwC member firm. Any sanction on 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 Enterprises and are also conducting reviews to identify engagements with non-sanctioned Russian clients and considering the appropriateness of any ongoing relationship.
We cannot comment on specific companies or individuals.
About PwC Canada
At PwC Canada, we help clients build trust and reinvent so they can turn complexity into competitive advantage. We’re a tech-forward, people-empowered network with more than 6,500 partners and staff in offices across the country. Across audit and assurance, tax and legal, deals and consulting, we help build, accelerate and sustain momentum.
PwC refers to the Canadian member firm, and may sometimes refer to the PwC network. Each member firm is a separate legal entity. Please see www.pwc.com/structure for further details. Find out more by visiting us at: http://www.pwc.com/ca
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