New US Sanctions Ban Accounting and Management Consulting Services to Russia.

PrimeGlobal Supports Ukraine
May 11, 2022


The US Government have imposed further sanctions against Russia in response to the war in Ukraine, including a ban on accounting and management consulting services by US citizens.

The sanctions, announced on Sunday, "prohibit US persons from providing accounting, trust and corporate formation, and management consulting services to any person in the Russian Federation," a White House statement said.

In addition, new export controls will apply to industrial engines, bulldozers, boilers, motors, fans and ventilation equipment, with legal services currently remaining 'unaffected'.

The UK cut Russia off from accessing its management consultants, accountants and public relations firms last week, with the European Union proposing similar measures.

For a full update on the new US Sanctions you can read more in the Journal of Accountancy article;

US Sanctions Ban Provision of Accounting and Consulting Services to Russia

With additional details here in this Bloomberg article;
US Bans Accounting Services to Russia in Added Sanctions