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
Leave SuspensionGoldman 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 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.