FERMA suspends Russian risk management association

The Federation of European Risk Management Associations said Wednesday it has suspended Russian member RusRisk.

The decision was taken “in light of the extensive sanctions imposed on Russian organizations and individuals,” the Brussels-based risk management association said in a statement.

“The board concluded that this decision was in the best interest of FERMA in the current circumstances,” President Dirk Wegener said.

FERMA said it strongly condemns Russia’s invasion of Ukraine.