Russian President Putin has approved the sale of Goldman Sachs shares in Russian companies. Russian President Vladimir Putin has approved the purchase of Goldman Sachs shares in certain Russian companies by the company Balchug Capital. The decree approved by Putin has been published in the country’s legal information system. Accordingly, Balchug Capital has been permitted to acquire some of Goldman Sachs’ shares in 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 acquisition 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 Ukraine war.