Deloitte, EY planning to pull out of Russia

Deloitte and EY, two of the world’s largest accounting firms, announced Monday that they would pull out of Russia, joining the other so-called Big Four firms, KPMG International and PwC, which said Sunday that they would quit the country after its invasion of Ukraine.

These groups are structured as partnerships of local firms, so the businesses in Russia can continue to operate, the accounting firms said, but will no longer be a part of their umbrella networks.

It has more than 4,700 workers in its network in Russia, it said. Deloitte has about 3,000 professionals in Russia and Belarus, the company’s CEO, Punit Renjen, said in a statement on the company’s website.

KPMG said it had more than 4,500 people working in Russia and Belarus, while PwC said it had 3,700.