Goldman Sachs Authorized to Sell Russian Stocks

In a significant move, Russian President Vladimir Putin has issued a decree allowing Goldman Sachs Group Inc. to sell portions of its Russian equities. This decision marks a pivotal moment in the financial relations between Russia and international investors.

Balchug Capital to Acquire Shares

According to the decree, Balchug Capital is set to purchase shares from Goldman Sachs. The transaction involves stakes in several leading Russian companies, highlighting the ongoing adjustments in the global investment landscape.

List of Companies Involved

The sale includes shares in major Russian corporations 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 diverse portfolio underscores the breadth of Goldman Sachs' investments in Russia.