EY Stops Work in Russia, Donates $1 Million to Support Ukraine

Originally published on LinkedIn. EY is a Hall of Fame company.

 

As the shocking and abhorrent war in Ukraine continues to escalate, our priority continues to be the safety of our people in Ukraine, Eastern Europe and across the region, and actively supporting those impacted. We continue to support our 700 EY colleagues with financial support, relocation, transportation and immigration services. In addition, the entire global EY family has come together to offer refugee support, including logistical assistance, volunteer work and financial donations to the wider Ukrainian community.

In light of the escalating war, the EY global organization will no longer serve any Russian government clients, state-owned enterprises or sanctioned entities and individuals anywhere in the world. EY has commenced a restructuring of its Russian member firm to separate it from the global network.

This is not something we take lightly. This is heart-breaking as we have over 4,700 colleagues in Russia, who have been a part of our global network for over 30 years and worked side by side with our global, Eastern European and Ukrainian colleagues. As we go through this change, we will work to support those colleagues, as well as our clients, in fulfilling our legal obligations and commitments.

The resulting suffering of this conflict across Ukraine, Eastern Europe and elsewhere is deeply concerning to all of us at EY. We strongly encourage all parties to urgently work towards a peaceful resolution in Ukraine.

“EY US will contribute $1 million to provide support and relief for those impacted by the escalating war and humanitarian crisis in Ukraine,” said Kelly Grier, EY US Chair and Managing Partner. “Additionally, we have launched a giving program to support refugees and we will match up to $1 million in donations made by our employees and retirees.”

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