Two of the Big Four accounting firms are leaving Russia and Belarus. PwC's Russian clients reportedly include Sberbank, Gazprom, and Russia's central bank.

The attacks on Ukraine have led to the suspension of operations in Russia and Belarus.

Both of the accountancy giants announced the move on Sunday. The other two Big Four accountancy giants are not saying whether they are leaving Russia.

Companies have been trying to cut ties with Russia since it invaded Ukraine. Russian offices, stores, and online services have been closed by some.

To comply with laws that require audit firms to be locally owned and independent, the global networks of individual firms are separate legal entities.

As a result of the Russian government's invasion of Ukraine, we have decided that, under the circumstances, we should not have a member firm in Russia. There are over 3,700 employees in Russia at the PwC.

Sberbank is the biggest bank in Russia, and the Central Bank of Russia is also a client, according to The Financial Times.

Western sanctions aimed at hobbling Russia's economy have targeted Sberbank and Russia's central bank. Insider asked if these companies were among its clients.

According to The Financial Times, there is a team of 25 staff at PwC in Belarus.

In order to focus on the wellbeing of its staff at PwC Russia, the company said that it would undertake an orderly transition. The Russian firm said in its statement that it was confident in its business even though it was leaving the PwC brand.

It was doing all it could to help its more than 750 employees in Ukraine.

The firms in Russia and Belarus have more than 4,500 employees and will leave the network, according to the statement. The Financial Times was told that this would be finalized in a few days.

The decision to end its working relationship with these employees was difficult, but not because of them, but because of the actions of the Russian Government.

We are a purpose-led and values-driven organization that believes in doing the right thing.

The Financial Times reported that severing ties with their Russian partners allowed the accounting giants to avoid falling foul of sanctions against Russia because of the work of their Russian partners.

The Russian offices of McKinsey and Company would remain open, but they wouldn't take on new clients and would stop working with both government and state-owned entities.

After our remaining engagements in Russia conclude, all client service in the country will be suspended.

Boston consulting Group said Friday that it was suspending work with Russian clients but that its Moscow office was still open, despite the fact that it was discontinuing its business in Russia.

Insider asked if they were withdrawing their operations in Russia and Belarus.