Europe

FERMA statement on Russian invasion of Ukraine

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The Federation of the European Risk Management Association (FERMA) strongly condemns the invasion by Russia of the independent country of Ukraine. Our support and sympathy are with the Ukrainian people.

In light of the extensive sanctions imposed on Russian organisations and individuals, the Board of FERMA has suspended the membership of its Russian member, RUSRISK, in FERMA. The President of FERMA, Dirk Wegener, said: “The Board concluded that this decision was in the best interest of FERMA in the current circumstances.”

Dirk Wegener added that European risk managers are busy helping to maintain the continuity of their organisations, rolling out crisis management and business continuity plans in close cooperation with other functions and departments. “The entire organisation is affected, including employees, supply chains, IT systems and insurance programmes. The experience of dealing with the Covid19 showed how important risk and crisis management are to our resilience against disruptive events.”

FERMA is putting its risk and crisis management expertise and resources at the disposal of the EU institutions and EU member states to face the crisis and prepare for future challenges.

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