Goldman Sachs leaves Russia and becomes the first large Wall Street bank to announce its plans after the invasion of Ukraine.
“Goldman Sachs is ending its operations in Russia in accordance with regulatory and licensing requirements,” a Goldman Sachs spokesman told CNN on Thursday.
The decision of the most influential Wall Street company to leave Russia is causing another financial blow to Moscow.
“We are focused on supporting our customers around the world to manage or close pre-existing market obligations and ensure the well-being of our people,” said a Goldman Sachs spokesman.
It is not immediately clear how many people Goldman Sachs employs in Russia or how much money the company makes there.
Citigroup confirmed Wednesday that it is continuing its efforts to exit its consumer business in Russia, adding that it supports corporate customers in Russia, including many US and European multinationals, as it suspends or expands its operations there.
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