On March 7th, Deloitte announced that we would exit Russia and Belarus. The separation is now complete, and Deloitte no longer operates in Russia or Belarus.
"Last week, Deloitte announced it was reviewing its business in Russia. We will separate our practice in Russia and Belarus from the global network of member firms. Deloitte will no longer operate in Russia and Belarus.
While we know this is the right decision, it will have an impact on Deloitte’s ~3,000 professionals located in Russia and Belarus. Like others, we know our colleagues in Russia and Belarus have no voice in the actions of their government. We will support all impacted colleagues during this transition and do all we can to assist them during this extremely difficult time.
We will continue to prioritise the needs of our people and clients while we bring the full strength of Deloitte’s global resources to bear in addressing the mounting humanitarian needs in Ukraine and across Europe.
We will honor our commitments and obligations to global financial markets and multiple regulatory bodies."
Deloitte stands unequivocally with the people of Ukraine. Russia’s invasion of this sovereign nation is an indefensible act of aggression that echoes the darkest days in European history. Our overriding concern at this time is the wellbeing of our colleagues in Ukraine and their families. We are taking every possible action to ensure their safety and that their essential needs are being met under fast changing circumstances. We are concerned about all of our colleagues affected by this ongoing crisis.
For the time being, Deloitte has suspended business operations and client service in Ukraine as we focus on taking care of our people and their loved ones.
Deloitte is currently reviewing our business and presence in Russia. We are mindful of our professional obligations and the changing circumstances as we undertake this review. We will continue to comply with all applicable sanctions; Deloitte does not serve any entities of Russia’s Central Government.
Our primary focus will continue to be for the safety and well-being of our people as well as bringing to bear our global resources to address the humanitarian needs across Europe.
Our hope is that peace will prevail quickly.
About Deloitte
“Deloitte,” “us,” “we” and “our” refer to one or more of Deloitte Touche Tohmatsu Limited (“DTTL”), its global network of member firms, and their related entities (collectively, the “Deloitte organization”). DTTL (also referred to as “Deloitte Global”) and each of its member firms and related entities are legally separate and independent entities, which cannot obligate or bind each other in respect of third parties. DTTL and each DTTL member firm and related entity is liable only for its own acts and omissions, and not those of each other. DTTL does not provide services to clients. Please see www.deloitte.com/about to learn more.
Deloitte provides industry-leading audit and assurance, tax and legal, consulting, financial advisory, and risk advisory services to nearly 90% of the Fortune Global 500® and thousands of private companies. Our professionals deliver measurable and lasting results that help reinforce public trust in capital markets, enable clients to transform and thrive, and lead the way toward a stronger economy, a more equitable society and a sustainable world. Building on its 175-plus year history, Deloitte spans more than 150 countries and territories. Learn how Deloitte’s approximately 415,000 people worldwide make an impact that matters at www.deloitte.com.
Press contact(s):
Steve Dutton
Deloitte Global Communications
Tel: +1 202 738 7586
Mobile: +1 202 734 3207
sdutton@deloitte.com