The UK announced a ban on professional services exports to Russia on 4 May 2022, which came into force on 21 July 2022. The sanctions cover accountancy, management consulting, and PR services. The ICAEW Insights article Prohibition on provision of accountancy services to Russia comes into force explains the new legislation and suggests action points for ICAEW member firms. 

The EU announced a package of sanctions on 3 June 2022, which includes a prohibition on the provision of consulting services to Russia. The sanctions include accounting, auditing, bookkeeping, tax consulting services, business and management consulting, and PR services. The Council Regulation (EU) 2022/879 gives a detailed list of which services are prohibited and a number of exceptions (see paragraphs 23-26 and articles to be amended). The deadline for cessation of activities is 5 July 2022.

The US announced measures on 8 May 2022 that include a ban on the provision of accounting, trust and corporate formation, and management consulting services to any person in the Russian Federation.

For more information on sanctions, other measures and considerations for accountants, see our Ukraine crisis: central resource hub.

• Audit Chamber of Russia
• National Organization for Financial Accounting and Reporting Standards
• Russian Union of Auditors
• Sodruzhestvo (Self-regulatory Organization of Auditors Association)

For regional organisations and networks, see our list of international accountancy bodies.

• Contact member in Russia

ICAEW’s network of Contact Members around the world are a point of contact for enquiries and act as ambassadors in promoting ICAEW's strategy and brand in each region.

The ICAEW Library provides logged-in ICAEW members, ACA students and other entitled users with online access to articles from leading business, finance and management journals. To view the articles available, please log in.

As well as providing direct access to a world-class collection of books, journals and electronic resources, the ICAEW Library can search various international databases on behalf of members, ACA students and other authorised users. Our specialist databases contain jurisdiction-specific information on accounting, tax and related topics.

• International Corporate Procedures (Lexis+)
  

  This regularly updated database includes country-by-country information on tax and accounting and features model company accounts. The model accounts are presented in the standard format for each country or territory with original language and English language versions presented together. Contact us to request documents from this database.