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NEW YORK (77WABC)– All four of the so-called Big Four accounting firms are now cutting ties with Russia over its war in Ukraine.
Deloitte on Monday was the last of the four to say it will no longer operate in Russia, joining Ernst & Young, Pricewaterhousecoopers and KPMG in making similar announcements.
Deloitte said it is also cutting its ties to Russia-allied Belarus. The company said it is separating its global network of member firms from the firms based in Russia and Belarus.
Deloitte Global CEO Punit Renjen said in a statement “we know this is the right decision” but it will have an impact on Deloitte’s 3,000 employees in Russia and Belarus who “have no voice in the actions of their government.”
Pricewaterhousecoopers and KPMG announced they were pulling out of Russia on Sunday, and Ernst & Young earlier on Monday.
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