Goldman Sachs Given Green Light by Putin to Sell Russian Stocks

In a significant development, Russian President Vladimir Putin has issued a decree permitting Goldman Sachs Group Inc. to divest some of its Russian equities. This move marks a pivotal moment in the financial relations between major international investors and Russian corporations.

Balchug Capital to Acquire Shares from Goldman Sachs

According to the decree, Balchug Capital is set to purchase shares of various Russian companies from Goldman Sachs. This transaction underscores the dynamic nature of Russia's investment landscape and the ongoing adjustments by global financial players.

Notable Russian Companies Involved in the Deal

The deal encompasses shares in several leading Russian businesses, including but not limited to 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 diverse portfolio highlights the breadth of Russia's industrial and energy sectors.