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Issues related to the conflict in Ukraine

Where to find help with the challenges raised by the crisis

The Russian invasion of Ukraine has triggered a humanitarian, geopolitical and economic crisis. As in any conflict, there’s a great deal of uncertainty. What’s already certain, however, is that the economic impact of the crisis is affecting businesses in Switzerland and beyond.

This overview presents some of the crisis-related questions you may be asking and the support we offer in response. Please get in touch with our experts if you’d like to discuss the issues you may be facing.

Customs

Questions that may arise
  • What are the restrictions on the import and export of specific goods?
  • How will the conflict and the associated sanctions impact our supply chains or our existing and future business relationships?
Services

Our customs team can help you address any import- and export-related issues you may be confronted with as a result of the conflict.

Customs services

Your expert

Simeon L. Probst

Partner Customs & International Trade, Basel, PwC Switzerland

+41 58 792 53 51

Email


Forensic services

Questions that may arise
  • Do we have a functioning crisis, risk and business continuity management system in place?
  • What adjustments might we have to make?
Services

Our forensic services team can help you proof your organisation against crisis.

Forensic services

Crisis preparation management

Your expert

Gianfranco Mautone

Partner and Forensic Services and Financial Crime Leader, Zurich, PwC Switzerland

+41 58 792 17 60

Email


Industrial manufacturing

Questions that may arise
  • What are the short and long-term recommendations for manufacturers and suppliers?
  • How can European economies and companies re-evaluate their efficiency- and on-demand-driven way of doing business and move towards resilience and sustainability?
Services

Our industrial manufacturing team can help you identify and address weaknesses in global supply chains revealed by the Russian invasion of Ukraine.

Industrial manufacturing services

Geopolitical tensions (PDF)

Your expert

Reto Brunner

Partner, Advisory, Zurich, PwC Switzerland

+41 58 792 14 19

Email


Cybersecurity

Questions that may arise
  • Do we have an incident response (IR) playbook? Have we done exercises to test it? When was the last time we tested our IR plan? Have we discussed actions in the event that hostilities begin? What are these actions?
  • How sophisticated are our threat detection capabilities? Are we able to detect intrusions in real time? How well do we monitor the cross-over from our IT systems to the tech that runs our operations?
  • How good are our foundational cybersecurity capabilities? What’s the state of our organisation’s cyber hygiene?
Services

Our cybersecurity team can help you see whether you’re ready to mitigate cyber risks related to geopolitical tensions that might flare up in 2022, review your cyber resilience, and help you identify and remedy any weaknesses.

Cybersecurity services

Your expert

Urs Küderli

Partner and Leader Cybersecurity and Privacy, Zurich, PwC Switzerland

+41 58 792 42 21

Email


Regulatory Radar

Questions that may arise
  • What temporary measures have been introduced by financial market regulators?
  • How do regulatory changes affect us?
  • How can we keep up with all the regulatory changes while focusing on successfully navigating through the crisis?
  • What is the regulatory impact of the crisis on financial markets worldwide?
  • How are regulators reacting globally?
Services

Our Regulatory Radar helps you keep up with and navigate the rapidly changing regulatory response to the conflict in a range of countries around the world.

Regulatory Radar

Your expert

Dr. Antonios Koumbarakis

Head Sustainability & Strategic Regulatory, Zurich, PwC Switzerland

+41 58 792 45 23

Email


Workforce

Questions that may arise
  • How can we support the workforce directly affected by the conflict while also shifting production capacity to other Central and Eastern European countries or near-shoring?
Services

Our workforce experts can help you protect your people while keeping your business operating successfully.

Workforce services

Your expert

Adrian Jones

Partner, People and Organisation, Zurich, PwC Switzerland

+41 58 792 40 13

Email


Tax reporting

Questions that may arise
  • Are there any sanctions against paying tax in Russia that affect us as an organisation with operations there?
  • How do we approach foreign tax reclaims from Russia?
Services

Our tax reporting team can help you work out where you stand and address the complexities arising from the conflict.

Tax reporting services

Your expert

Charalambos Antoniou

Director, Tax Function Design and Tax Transparency Leader, Zurich, PwC Switzerland

+41 58 792 47 16

Email


Corporate tax

Questions that may arise
  • What’s the impact for organisations operating in Russia and Ukraine of Russian employees relocating to other jurisdictions?
  • Are there any related permanent establishment issues we should be aware of, particularly for individuals undertaking certain roles or holding senior positions?
Services

Our corporate tax experts are there to give you assurance and help you identify and address any issues.

Corporate tax services

Your expert

Markus Prinzen

Partner and Leader Corporate Tax Services, Zurich, PwC Switzerland

+41 58 792 53 10

Email


Emergency cash tax points for Swiss companies and groups

Questions that may arise
  • How can the tax function contribute to increasing our liquidity in these unprecedented times?
  • How can we minimise cash tax expenses and maximise refunds?
  • How can we delay cash tax payments and accelerate refunds?
Services

Our experts can help you protect your global cash tax position and support the overall liquidity management of your group or company.

Emergency cash tax points flyer

Your expert

Armin Marti

Partner and Leader Tax Policy, Zurich, PwC Switzerland

+41 58 792 43 43

Email


Financial resilience

Questions that may arise
  • Given our significant Russian/Ukrainian operations, what’s the impact on trading?
  • Will sanctions affect our ability to access cash (especially if we borrow in GDP, EUR or USD) and other assets in Russia or our relationships with customers, suppliers and financing providers?
  • What will the impact of further inflationary pressures be (for example from increased energy prices)?
  • What are the threats to the supply chain that could affect our ability to operate?
  • What are the broader effects on financial markets (for example high-yield bond issuance) and raising finance?
Services

Our specialists can help you address issues that may impact your financial resilience in the short and longer term, and in particular your liquidity position and ability to comply with financial covenants.

Financial services

Your expert

Patrick Akiki

Partner, FS Management Consulting Lead, Zürich, PwC Switzerland

+41 58 792 25 19

Email


Financial reporting and accounting

Questions that may arise
  • What’s the impact of the current developments on our company’s financial statements?
Services

Our accounting consulting services team helps you understand the financial reporting issues in its blog on the accounting implications of Russia's invasion of Ukraine.

Financial reporting services

Your expert

David Baur

Director and Leader Accounting Consulting Services, PwC Switzerland

+41 58 792 26 54

Email