Putin Approves Sale of Goldman Sachs' Russian Unit to Armenian Investor

Reported about 24 hours ago

President Vladimir Putin has authorized the sale of Goldman Sachs' Russian unit to the Armenian investment fund Balchug Capital, allowing the U.S. bank to potentially withdraw completely from Russia. The transaction is part of a trend where foreign asset sales require presidential approval, as Moscow tightens regulations on such deals amid the ongoing conflict in Ukraine, complicating exits for Western banks.

Source: YAHOO

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