Like so many others around the world, Freshfields is deeply concerned by the loss of life and unfolding humanitarian crisis in Ukraine. We strongly condemn the actions of the Russian government and express our solidarity with all those affected.

From the outset, the firm has acted swiftly and responsibly with regard to both ongoing and new client mandates. We took immediate steps to terminate, suspend or decline mandates, and we are clear that we will not act for companies or individuals with close ties to the Russian state, with connections to the wider leadership regime, and/or who play a role in supporting or facilitating the current Russian military action. In line with this clear position, we are also immediately taking steps to terminate our litigation mandate with VTB.

This approach goes beyond what is required to comply with our legal, regulatory and professional obligations, and reflects our values as a firm and the wider responsibilities of the global business community.