Goldman Sachs Gets Green Light from Putin to Sell Russian Equities

In a significant move, Russian President Vladimir Putin has authorized Goldman Sachs Group Inc. to divest some of its Russian equities. This decision, outlined in a recent decree, marks a pivotal moment in the financial relations between Russia and international investors.

Balchug Capital to Acquire Shares from Goldman Sachs

The decree specifies that Balchug Capital will be the entity purchasing shares from Goldman Sachs. This transaction encompasses a diverse portfolio of Russian companies, highlighting the dynamic nature of Russia's economic landscape.

List of Russian Companies Involved in the Transaction

The deal includes shares from prominent Russian businesses such as JSC Inter RAO UES, PJSC Gazprom, PJSC Rosneft Oil Company, Surgutneftegaz, Novatek PJSC, Novolipetsk Steel (NLMK), PJSC Rostelecom, PJSC Tatneft, and PJSC Lukoil Oil Company. This array of companies underscores the breadth of the transaction and its potential impact on the Russian economy.