Accenture axed its entire 2,300-person business in Russia on Thursday while McKinsey and Boston Consulting Group moved to suspend all client work there, as the world’s largest professional services groups join western companies’ flight from the country.
Days after Vladimir Putin’s invasion of Ukraine, McKinsey and BCG had said they would not work for Russian government entities but had stopped short of dropping other clients, including state-owned groups.
McKinsey said on Thursday it would immediately cease work for state-owned entities in the country and would suspend all client work there once its other projects ended. The firm has more than 400 consultants in Russia.
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