Goldman Sachs Moves to Sell Russian Stocks with Putin's Approval

In a significant move that has caught the attention of global markets, Russian President Vladimir Putin has officially permitted Goldman Sachs Group Inc. to sell a portion of its Russian equities. This decision, documented 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

According to the decree, Balchug Capital is set to purchase shares from Goldman Sachs, involving stakes in several leading Russian companies. This transaction underscores the dynamic nature of Russia's investment landscape and the ongoing adjustments by global financial giants in response to geopolitical tensions.

List of Russian Companies Involved in the Deal

The deal encompasses shares in prominent 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 Goldman Sachs' investments in Russia's key economic sectors.