Britain’s accounting, management consulting and PR firms have been told to cut ties with Russian clients as part of a government ban on professional services exports to the country.
Russian companies and oligarchs have long relied on London-based advisers, including consultants and PR professionals, to represent them in the west. The big UK auditors have employed more than 15,000 people in Russia, serving large companies across natural resources and banking.
Foreign secretary Liz Truss on Wednesday said that the new measures would mean Russia’s businesses can no longer use the UK’s accountancy, management consultancy and PR services, which accounted for 10 per cent of Russian imports in these sectors.
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