The local management intends to acquire Russian business of Willis Towers Watson Public Limited Company (NasdaqGS:WTW) during the first quarter of 2022. Post completion, the local management will operate independently in the Russian market. WTW estimated that the annualized run-rate impact from the divestiture of Russian operations is approximately $120 million (RUB 7.4 billion) of revenue.

The local management completed the acquisition of Russian business of Willis Towers Watson Public Limited Company (NasdaqGS:WTW) on July 18, 2022.