Goldman Sachs is exiting Russia, becoming the first major Wall Street bank to announce its plans to leave since the country invaded Ukraine
"Goldman Sachs is winding down its business in Russia in compliance with regulatory and licensing requirements," a Goldman Sachs spokesperson told CNN on Thursday. The decision by Wall Street's most influential firm to get out of Russia deals another financial blow to Moscow. News of Goldman's exit from Russia was previously reported by Bloomberg.
"We are focused on supporting our clients across the globe in managing or closing out pre-existing obligations in the market and ensuring the wellbeing of our people," the Goldman Sachs spokesperson said. It's not immediately clear how many people Goldman Sachs employs in Russia nor how much money the firm makes there. Read MoreCitigroup confirmed on Wednesday that it is continuing its previously announced efforts to exit its consumer business in Russia.
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