×
Enjoying ad-free content?
Since July 1, 2024, we have disabled all ads to improve your reading experience.
This commitment costs us $10,000 a month. Your support can help us fill the gap.
Support us
Our journalism is banned in Russia. We need your help to keep providing you with the truth.

Deloitte’s Russian Branch Restarts Operations Under New Brand – Reports

Michal Klajban (CC BY-SA 4.0)

The Russian partner of Deloitte, one of the world’s leading consulting and accounting firms, has resumed its operations under a new brand name, the Kommersant business daily reported Tuesday. 

The British consultancy giant suspended operations in Russia and Belarus in early March in response to Russia’s invasion of Ukraine and vowed to separate local practices in the two countries from its global network of member firms. 

Deloitte’s former Russian business, which employs more than 2,000 people across eight cities, will operate independently under the brand name Business Solutions and Technologies, Kommersant reported.

Yekaterina Ponomarenko, the former CEO of Deloitte’s regional practice, will retain her post in the newly established Russian company, according to public registration records. 

The Big Four accounting and consulting firms halted operations in Russia in response to the Ukraine war. 

Out of those four firms' local branches, three have rebranded and resumed operations. 

PwC's former Russian business will operate under the name “Technologies of Trust,” while EY's former Russian unit will now be known as “Audit Technologies and Solutions Center - Audit Services.” 

Hundreds of Western brands have exited the Russian market in response to the Kremlin’s military campaign in the neighboring Ukraine.

While some businesses such as the U.S. coffee giant Starbucks shuttered their Russian operations completely, others have looked to sell licenses to local buyers that will continue operations under a new name and business entity. 

The U.S. fast-food giant McDonald’s last week announced the sale of all 850 of its Russian locations to Siberian businessman Alexander Govor. The chain’s former restaurants are due to reopen under a new name and with a new menu later this year. 

… we have a small favor to ask. As you may have heard, The Moscow Times, an independent news source for over 30 years, has been unjustly branded as a "foreign agent" by the Russian government. This blatant attempt to silence our voice is a direct assault on the integrity of journalism and the values we hold dear.

We, the journalists of The Moscow Times, refuse to be silenced. Our commitment to providing accurate and unbiased reporting on Russia remains unshaken. But we need your help to continue our critical mission.

Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and you can be confident that you're making a significant impact every month by supporting open, independent journalism. Thank you.

Once
Monthly
Annual
Continue
paiment methods
Not ready to support today?
Remind me later.

Read more