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 some Russian companies by a company named Balchug Capital. The decree approved by Putin has been published in the country’s legal information system. Accordingly, the sale of some Russian companies’ shares held by Goldman Sachs to Balchug Capital has been permitted. 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 also approved the purchase of Goldman Sachs’ subsidiary in the country by Balchug Capital based in Armenia on January 31. The Central Bank of Russia had revoked Goldman Sachs’ brokerage license in August 2024. Many Western banks and financial institutions had ceased their operations in Russia due to the Ukraine conflict.