Russian President Vladimir Putin allowed Balchug Capital to make a deal to acquire a 100% share in the authorized capital of Goldman Sax Bank LLC. This is stated at the disposal of the head of the Russian state.
“Allow the transaction by closed joint -stock company to acquire a 100% share in the authorized capital of the Goldman Sax Bank Limited Liability Company, owned by Goldman Sax, INC (Goldman Sachs Group, Inc),” follows from orders.
In August 2024, the Bank of Russia annulled the brokerage license of a subsidiary of one of the largest investment banks in the world of Goldman Sachs.
Goldman Sachs was the first major bank from the United States to leave Russia in 2022.
Balchug Capital – an investment company with headquarters in Yerevan (Armenia), founded in 2010.