Pause operations: company temporarily curtailing operations while keeping return options open

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Goldman Sachs is an American multinational investment bank and financial services company.

Pause operations: company temporarily curtailing operations while keeping return options open

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Assets(RF), mln.USD
110
Glob.Revenue, mln.USD
47365
Capital(RF), mln.USD
43

Goldman Sachs completely exited the capital of the owner of Cian PLC. The Moscow Arbitration Court seized a 5% stake in Goldman Sachs in Detsky Mir, property rights to trademarks registered in the Russian Federation, as well as shares of Russian companies owned by the Goldman Sachs III SICAV fund. The latter, in particular, include 1.2 million shares of Sberbank, 750 thousand shares of Aeroflot, 790 thousand shares of Gazprom, 550 thousand shares of VTB and shares of other Russian issuers. One of the main reasons for the arrest of the shares of Russian companies owned by Goldman Sachs (Aeroflot, Detsky Mir, Sberbank, etc.) at the request of Otkritie Bank could be the announcement of an American corporation about leaving the Russian market.

The Company Statement
August 08, 2023

The first major Wall Street bank to exit Russia in response to its invasion of Ukraine. Wind down business in Russia but buy Russian debt. Russian structures Goldman Sachs and Bank of America recorded losses at the end of 2022 for the first time in at least five years. According to the report, at the end of last year, Goldman Sachs Bank recorded losses of 176.6 million rubles against a net profit of 2.1 billion rubles in 2021.

August 07, 2023The court arrested a five percent stake in Goldman Sachs in the "Children's World"
August 07, 2023The court arrested the shares of Sberbank, Gazprom, VTB and Aeroflot that belonged to Goldman Sachs
August 07, 2023Could Goldman Sachs have avoided the seizure of its Russian assets
April 19, 2023"Subsidiaries" of American investment banks in Russia suffered losses during the crisis How the structures of Goldman Sachs and Bank of America survived the year
February 14, 2023Goldman Sachs completely exited the capital of the owner of CYAN
January 30, 2023Goldman Sachs restructures Russian asset holdings -RBC, citing sources
January 13, 2023Goldman and JPMorgan Diverge on Response to Richest Russian’s Sanctions
December 03, 2022Goldman Sachs cuts credit exposure to Russia
September 16, 2022Pimco bets on Russian debt recovery in CDS auction
June 13, 2022JPMorgan, Goldman Halt Russian Debt Trading After US Tightens Ban
March 10, 2022Goldman Sachs, JPMorgan unwinding Russia businesses
March 10, 2022Goldman Sachs becomes the first major Wall Street bank to cut ties with Russia since the invasion of Ukraine
March 04, 2016Goldman Sachs Says Niet To Russian Bond Deal
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