This is a developing story. Check back for updates. Goldman Sachs, one of the world’s preeminent investment banks, is exiting Russia. The bank said Thursday in an emailed statement that it is working to wind down operations in Russia.
Goldman Sachs Group Inc. is leaving Russia following the nation’s invasion of Ukraine and subsequent sanctions imposed on Russia by the U.S. and its allies.
NEW YORK — Goldman Sachs says it is closing its operations in Russia entirely, making it the first major Wall Street bank to do so since Russia invaded Ukraine. Goldman’s announcement comes after Citigroup said it would start winding down its Russia operations.
This is a developing story. Check back for updates. Goldman Sachs is exiting Russia. “Goldman Sachs is winding down its business in Russia in compliance with regulatory and licensing requirements,” said a Goldman spokeswoman.
Russia bombed a maternity and children's hospital in Mariupol, southern Ukraine, city officials said Wednesday. Ukraine's President Zelensky said the attack was "proof of a genocide." Follow here for live news updates from on the ground in Ukraine.