IBIA statement on Ukraine / Russia situation

IBIA joins others in condemning Russia’s invasion of Ukraine.

Furthermore, IBIA notes the widespread international condemnation of Russia’s hostile actions in Ukraine, as well as the imposition of significant sanctions against Russia and Russian interests by a large number of countries. IBIA urges all members to be vigilant in all their business transactions to ensure they are not in breach of any applicable sanctions.

In light of this tragic and extraordinary situation, after careful consideration, the Board of IBIA has decided to suspend all services to Russian members of the Association until further notice.

Our thoughts are with the people of Ukraine, and we support international calls for hostilities to cease immediately to allow peace to return to the region as soon as possible.