Responding to the ban on service exports, including accounting, to Russia, announced by the government today, Iain Wright, Managing Director, Reputation and Influence, ICAEW, said:
“The UK government has announced a further package of sanctions aimed at demonstrating to the Russian elite the political and financial costs of their aggression against Ukraine.
“Many of our individual members and member firms have already taken proactive steps to disengage as appropriate with Russia. ICAEW is confident that chartered accountants, whether in practice or in business, will be ready and willing to play the fullest possible role in making these further measures effective.”
Read the UK Government's announcement.