The President of Russia, Putin, has approved the sale of Goldman Sachs shares in Russian companies. President of Russia Vladimir Putin has approved the purchase of Goldman Sachs shares in some Russian companies by the company named Balchug Capital. The decree approved by Putin was published in the country’s legal information system. According to the decree, Balchug Capital is permitted to purchase Goldman Sachs shares in some Russian companies. Among the companies approved for the sale of Goldman Sachs shares are Inter RAO, Gazprom, Rosneft, Surgutneftegaz, Novatek, NLMK, Rostelecom, Tatneft, and Lukoil. Putin had previously approved the purchase of Goldman Sachs’ subsidiary in the country by Balchug Capital based in Armenia on January 31st. The Central Bank of Russia had revoked Goldman Sachs’ brokerage license in August 2024. Many Western banks and financial institutions had ended their operations in Russia due to the conflict in Ukraine.